Guidance on anti-money laundering has been issued by a number of bodies in the UK which you can access through the links on this page.
Consultative Committee of Accountancy Bodies (CCAB)
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.'
ICAEW
The money laundering section of the ICAEW website at http://www.icaew.com/moneylaundering provides an overview of the legislation, explains the role of accountants in combating money laundering and collects together details of the guidance documents published by the ICAEW for accountants working in practice and business.
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.
Further publications
Further details of publications, helpsheets and guidance (past and present) held by the ICAEW Library & Information Service is available through our list of ICAEW publications on money laundering
Other UK guidance issuing bodies
Association of Accounting Technicians (AAT)
The Association of Accounting Technicians (AAT) provide information on anti-money laundering through the money laundering regulation section of their website, including a quick guide to anti-money laundering legislation and AAT guidance on anti-money laundering legislation.
Auditing Practices Board (APB)
The Auditing Practices Board (APB) issued Money laundering: guidance for auditors on UK legislation (Practice Note 12) in September 2010. The guidance "focuses on the impact of the UK anti-laundering legislation on auditors' responsibilities when auditing and reporting on financial statements. It does not provide general guidance on the legislation."
Bar Council
The Bar Council provides Money Laundering Regulations - Guidance for the Bar which also includes a proforma for confirming client identity and suggested methods for carrying out customer identification checks.
Chartered Institute of Taxation
The Chartered Institute of Taxation (CIOT) provides a dedicated section for CIOT members on Anti-Money Laundering.
Chartered Institute of Management Accountants (CIMA)
The Professional Standards section of the CIMA website includes a dedicated page focusing on the Anti-Money Laundering Regulations.
Council for Licensed Conveyancers (CLC)
The Council for Licensed Conveyancers (CLC), the regulatory body for licensed conveyancers, issued a guidance note on anti-money laundering which is available from the guidance notes section of their website.
Institute of Chartered Accountants of Scotland (ICAS)
Institute of Chartered Accountants of Scotland (ICAS) - the dedicated Anti-Money Laundering section of the ICAS website features a collection of guidance documents and articles including a checklist, articles previously published in 'Technical Bulletin' and example text for a client circular.
Joint Money Laundering Steering Group (JMLSG)
The Joint Money Laundering Steering Group is formed of the leading UK Trade Associations in the Financial Services industry and has produced guidance on money laundering for the financial sector since 1990.
A new version of the JMLSG guidance was published on 13 November 2007 to reflect the changes introduced by the Money Laundering Regulations 2007 - followed by an amended version in November 2009. An additional Part III with specialist guidance was approved by the board and published on 25 October 2010. The full text of all three parts of the guidance is available to download from the JMLSG website.
Law Society
The Law Society website has a dedicated anti-money laundering area bringing together guidance, newsletters and links. The section includes Gatekeeper, the Law Society's anti-money-laundering newsletter and their practice note on anti-money laundering.
Royal Institution of Chartered Surveyors (RICS)
The Royal Institution of Chartered Surveyors (RICS) have provided a range of articles and guidance for their members on the money laundering regulations, which can be downloaded from the Anti-Money Laundering Regulations page of the RICS website.
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