What is a financial transaction? What is money?

The following are resources that may be helpful in answering your enquiry. Please familiarize yourself with them before moving on.

In brief: The terms "financial transaction" and "money" are widely defined in Rule 3-98, broader than common usage.

Rules - Definitions of “financial transaction” and “money”: Law Society Rule 3-98.

Practice Resource - Anti-Money Laundering Webinar 2024 at 1:09

Practice Resource - Client ID & Verification - Frequently asked questions

Practice Resource - Client Identification and Verification - Top 10 tips

Practice Resource - Client ID & Verification resources web page

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