# The Independent Qualified Conveyancers (Scotland) Regulations 1997, Regulation 28: Money laundering


(1) Every independent qualified conveyancer shall in respect of all other business carried on by the independent qualified conveyancer comply with the provisions of the Money Laundering Regulations 1993 as if such other business constituted relevant financial business within the meaning of those Regulations, but as if–
(a) for the figure “1” where it appears in the second line of regulation 7(1) of those Regulations, there were substituted the figure “2”; and
(b) regulation 12(4)(a) of those Regulations was deleted.
(2) For the avoidance of doubt, paragraph (1) is without prejudice to the application of the Money Laundering Regulations 1993 to relevant financial business.

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Source: https://www.legislation.gov.uk/uksi/1997/316/regulation/28 (the official version)
Page: https://openlegislation.uk/independent-qualified-conveyancers-scotland-regulations-1997/regulation-28
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.