The anti-money laundering (AML) regulatory landscape in Scotland is evolving, with an ever-increasing awareness of the number of ways in which the legitimate services provided by legal firms can be used for an illegitimate purpose. As such, the legal sector has been clearly defined by HM Treasury and the National Crime Agency as being at particularly high risk of money laundering.
In response to increasing client demand, AMLify will be bolstering the Amiqus offering with specialist educational support and training, auditing and consultancy services in relation to anti-money laundering legislation in the UK.
Amiqus, noted as one of the fastest growing technology companies across the UK, is the market leading client and staff onboarding software platform, supporting government, regulators and organisations at scale across sectors to meet their AML and compliance obligations. Amiqus is the Law Society of Scotland’s strategic partner for compliance software, committed to enabling law firms of all sizes across the country to access secure, digital and efficient means to engage with their clients.
Headed by Fraser Sinclair, AMLify is part of the MacRoberts Group, one of Scotland’s leading commercial law firms, and offers clients pragmatic and in-depth consultancy on key elements of the AML compliance regime. Fraser is highly experienced in the AML field having worked at the Law Society of Scotland, where he now delivers the Society’s accredited AML course and delivers Society seminars to new practice managers and to trainee solicitors in contribution to their CPD.
Callum Murray, CEO of Amiqus, said:
“The AML compliance obligations and expectations placed upon regulated organisations are significant and growing. By partnering with AMLify we're combining their expert, specific and actionable advice with our trusted software platform, delivering value at scale for our clients. We're committed in the near term for Amiqus to be recognised as the most trusted compliance platform across sectors in the UK, this partnership marks another purposeful step towards realising this objective.”
Fraser Sinclair, Head of AMLify, said:
“Amiqus has made great strides in providing access to vital technology to help businesses across Scotland comply with the ever-evolving regulatory framework. It’s a pleasure to be adding something extra to that, by working with them on educational pieces and making sure their clients have preferred access to more AML support.”
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