ICAEW.com works better with JavaScript enabled.

Money Laundering: UK Law and Guidance

Find out more about UK law and guidance.

Flag it Up! Campaign

ICAEW and the members of the Accountancy Affinity Group are working with the Home Office to raise awareness of the importance of strong Anti-Money Laundering processes and procedures.

We all know that money laundering poses a serious threat to the UK, and many of us think that it “wouldn’t happen to me”. In reality, criminals are reliant on the skills of professionals to profit from their crimes, and are adept at disguising their endeavours to give the illusion of legitimacy. Serious and Organised Crime costs the UK at least £24 billion each year. This joint initiative aims to raise awareness of the warning signs of money laundering, and help professionals protect themselves and their firms. Any of us could be caught out by becoming unwittingly involved in a money laundering scheme.

“A joined-up and relentless response to money laundering is vital if we want to tackle this complex and destructive crime. Working with industry to help professionals spot the warning signs of suspicious activity will make things even harder for those seeking to evade the law,” – Security Minister Ben Wallace.

Ultimately, a collective response from industry and government is the most effective way to tackle this threat, and makes things much harder for those individuals seeking to evade the law. By continuing to work together, we can all help to make sure it has an even greater impact when it comes to tackling money laundering in the UK. Don’t get caught out by criminals. Do your due diligence, and if you notice anything suspect remember to flag up suspicious activity to the National Crime Agency. For guidance on anti-money laundering read more below.

The CCAB Guidance

This is the authoritative guidance, by which accountants and their firms may be judged, ultimately by disciplinary tribunals and the courts of law.

CCAB has published its Economic Crime Manifesto and accompanying case studies.

Guidance on Reporting to NCA

HM Treasury

Other Current Guidance

Members only helpline - Information centre - +44 (0)1908 248 250

Superseded Guidance

The following documents are no longer available on this site, but you can request them from the Library by phone on +44 (0)20 7920 8620, by fax on +44 (0)20 7920 8621 or by email at library@icaew.com