The ICAEW Library & Information Service provides a range of anti-money laundering information, services and resources which can be accessed through the links on this page.
Regulations
The Money Laundering Regulations 2007 (SI 2007 No. 2157) (48 pages, PDF) took effect from the 15th December 2007 and replaced the Money Laundering Regulations 2003. The explanatory memorandum to the regulations has also been made available online.
The Terrorism Act 2000 and Proceeds of Crime Act 2002 (Amendment) Regulations 2007 (SI 2007 No. 3398) (12 pages, PDF) were laid before Parliament on 5th December 2007 and came into effect on 26th December 2007. An explanatory memorandum has been published which explains how these regulations regulations update the Terrorism Act 2000 and the Proceeds of Crime Act 2002, completing the implementation of the third money laundering directive.
For further information see our page on UK legislation and regulations.
Guidance
Anti-Money Laundering Guidance for the Accountancy Sector
The Consultative Committee of Accountancy Bodies (CCAB) issued a final version of the Anti-Money Laundering Guidance for the Accountancy Sector (PDF: 115 pages) in August 2008 which updated the previous version to accommodate HM Treasury comments received.
The opening paragraph states that the guidance was issued to provide 'the accountancy sector with not only an interpretation of the requirements of the Money Laundering Regulations 2007 (which become effective from 15th December 2007) and primary legislation relating to money laundering and terrorist financing but also to provide practical guidance on good practice for matters not prescribed in law.'
Supplementary guidance for the tax practitioner
The ICAEW Tax Faculty published Money Laundering: Supplementary guidance for the tax practitioner (TAXGUIDE 4/09) on 25 June 2009 following the receipt of Treasury approval. This is intended to be read as an appendix to the CCAB anti-money laundering guidance.
For further sources of guidance, see our page on UK guidance issuing bodies.
Services
Client screening
ICAEW members have access to a service that can be used as part of your account opening and compliance procedures. The client screening database is provided by Thomson Reuters Accelus, a market-leading supplier of information to the international financial services industry.
Find out more about our client screening service, including a full list of bodies and organisations within the screening database.
Further resources
Articles and Books
The ICAEW Library & Information Service holds a collection of over 500 articles, books and reports on money laundering. You can view the latest articles and books on money laundering or use the browse tools below to narrow your search.
You can also view a further selection of Articles and books on the Proceeds of Crime Act and ICAEW publications on client acceptance and client identity.
The catalogue records include hyperlinks to the full text of articles and publications where these are available on the internet. To find out more about how you can get hold of articles or books on the list that are not available on the internet, please contact the LIS Enquiry Team by phone on +44(0)20 7920 8620 or by email at library@icaew.com.
Money Laundering Bulletin
The Library & Information Service subscribes to a number of journals with articles on money laundering including the specialist title 'Money Laundering Bulletin' published by Informa.
View a list of articles from this journal.
See also
Can't find what you're looking for?
If you have any difficulty in finding the material you are looking for please contact the enquiry team by phone on +44 (0)20 7920 8620, by fax on +44 (0)20 7920 8621 or by email at library@icaew.com.
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