McDonald Law Accounting can provide a range of bespoke solutions to ensure your Firm complies with current regulatory requirements enforced by The Law Society of Scotland, SOCA (Anti Money Laundering Compliance), SLAB and HM Revenue & Customs. Normally this service is provided in conjunction with the submission of the six monthly Certificate to the Law Society of Scotland and on average takes one business day to complete. The prepared figures on the Certificate are checked against the appropriate Month End reports and bank statements and confirmed to be correct. During the remaining part of the day a random file selection is reviewed to ascertain compliance with current Money Laundering regulations.
Where necessary, guidance will be issued regarding the completion of “Know your Client” forms, storage of Client ID and the importance of a Central Register. In addition we can provide staff guidance notes and short seminars on a range of cashroom related topics including the importance of knowing your Client and assessing the risks when undertaking work on their behalf.