Money Laundering: UK Law and Guidance
This section details some of the laws and guidance about Money laundering in the UK
Guidance and other work that we have done on anti-money laundering law and practice, in the UK and internationally.
Under Regulation 26 of MLR17, ICAEW must approve all beneficial owners, officers and managers (BOOMs) in our supervised firms. Any person who continues to be a BOOM after 26 June 2018 without approval (ie any person with relevant unspent convictions) will be committing a criminal offence punishable by imprisonment of up to three years and / or a financial penalty.
Over the last two decades, increasingly wide ranging and rigorous anti-money laundering (AML) systems and reporting requirements have been imposed on accountants in practice and their firms.
This section details some of the laws and guidance about Money laundering in the UK
International anti-money laundering requirements, set on a global or regional basis. Representations and training.
This page explains which firms must be supervised to make sure that they comply with anti-money laundering legislation.
Links to key sites, library links and research reports.
The history of the AML law and other requirements, and ICAEW's role in promoting its development in a way that is appropriate for the accountancy profession.
Helpsheets prepared by ICAEW Technical Advisory Service to assist you in your day-to-day work. We offer practical advice, respond to frequently asked questions and highlight the issues you may need to consider.