Is it correct that the Practice Advice Service (PAS) gives solicitors advice on Anti Money Laundering (AML) queries?
The PAS can assist solicitors with navigating the AML practice note and can respond to general queries on AML compliance. It does not provide legal advice or advice on conduct issues. Solicitors requiring legal advice on anti money laundering compliance can access an online directory of solicitors who practise in this area and are willing to be contacted by other solicitors seeking legal advice. The Professional Ethics Team still provide assistance with conduct issues relating to money laundering.
Related Questions
- Can the Compliance Officer, Money Laundering Reporting Officer and the Money Laundering Compliance Officer carry out operational activities within a money service business?
- Is it correct that the Practice Advice Service (PAS) gives solicitors advice on Anti Money Laundering (AML) queries?
- Who do the Codes of Practice for Money Service Business apply to?
