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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.

We would be very grateful if you could take the time to complete a short survey on the threat to business posed by money-laundering. The research is being conducted by Ipsos MORI, the independent market research organisation, on behalf of the Home Office, the National Crime Agency and the Accountancy Affinity Group, and the results will be used to inform protective communications to reduce the risk to the accountancy sector. All responses will be kept in the strictest confidence, and all the answers you give will remain anonymous.

Please click this link to complete the survey: http://www.ipsos-mori.com/FlagItUp_accountants.

The survey should only take 5-10 minutes to complete. This link will be accessible until 28 April, when the survey closes.

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Superseded Guidance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