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IFAC and ICAEW Release Second Installment of Six-Part Anti-Money Laundering Educational Series

Monday 26 October 2020: Segment Explains the Importance of a Risk-Based Approach Towards AML Efforts.

Together with ICAEW, the International Federation of Accountants (IFAC) today released the second installment in its Anti-Money Laundering: The Basics educational series: Installment 2: A Risk-Based Approach.

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. 

The first installment in the series provided a general overview of AML, including a definition of money laundering and an analysis of key concepts professional accountants must understand.

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 will be featured on both the IFAC 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 – the global money laundering and terrorist financing watchdog - as a starting point.

For more information about IFAC, visit www.ifac.org.

For more information about ICAEW, visit icaew.com.

 

 

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Email: tom.mackintosh@icaew.com