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IFAC and ICAEW Release Sixth Installment of Anti-Money Laundering Educational Series

Author: ICAEW

Published: 25 Mar 2021

Monday 22 March 2021: Segment Examines the Implications of Money Laundering on Businesses in Difficulty.

Together with ICAEW, The International Federation of Accountants (IFAC) today released the sixth installment in its Anti-Money Laundering: The Basics educational series: Installment 6: Businesses in Difficulty.

The publication is part of a six-month short series helping accountants enhance their understanding of how money laundering works, the risks they face, and what they can do to mitigate these risks and make a positive contribution to the public interest. Installment six looks at businesses experiencing financial difficulties and the increased risk a professional accountant may face to inadvertently facilitate money laundering.

The installment series, with its focus on accessibility and ease of use, will be a resource for Small and Medium Practices (SMPs,) and accountants less familiar with AML, while also providing guidance for those looking for a quick refresher or reference.

Anti-Money Laundering: The Basics is featured on both the IFAC (landing page) and ICAEW websites and available for download for free. To be globally relevant, the series uses the risk-based approach of the Financial Action Task Force (FATF) - the global money laundering and terrorist financing watchdog - as a starting point.

For more information about IFAC.

For more information about ICAEW.

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