SANCTIONS AND ANTI-MONEY  LAUNDERING BILL [LORDS]: Scottish Limited Partnerships: UK bank account requirement
‘(1) For the purposes of preventing money laundering, where a limited partnership registered in Scotland has general partners at least one of those must have an active UK bank account.
(2) Where a limited partnership registered in Scotland has limited partners at least one of those must have an active UK bank account.
(3) In this section—
a “limited partnership registered in Scotland” means a partnership registered under the Limited Partnerships Act 1907;
“general partner” has the meaning given in section 4(2) of the Limited Partnership Act 1907;
“limited partner” has the meaning given in section 4(2A) of the Limited Partnership Act 1907.”—(Alison Thewliss.)