Money laundering

Anti-money laundering links, services and resources brought to you by the ICAEW Library & Information Service.

Links

What's New

Anti-Money Laundering Roadshow 2009
October to December 2009, 8 venues across the UK.
This course will look at how firms have been coping with the requirements of Money Laundering Regulations 2007 and the steps that can be taken to reduce both costs and risks to the firm.

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.

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 the UK Guidance Issuing Bodies links page.

Further Resources

Articles and Books

The collection of the ICAEW Library & Information Service includes a range of articles, books and looseleaf services on money laundering. You can view the Latest articles and books on money laundering or take a look at the Money Laundering Reading List.

LIS eLibrary

The Library & Information Service provides a dedicated eLibrary page on Money Laundering featuring articles, books and reports in full text.

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.

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 Complinet, a market-leading supplier of information to the international financial services industry.

For more information please visit the Client Screening Service - Sanctions, Enforcements and Watch list Screening and PEP Checks page.

See Also

• Technical and Business Topics: Money Laundering
• Money Laundering Helpline

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