Find out more about UK law and guidance.
The Government has published regulations transposing the 4th Anti Money Laundering Directive into UK law.
Firms are required to take the appropriate steps to identify and assess the risk that they could be used for money laundering, including terrorist financing.
This has an impact on the SARs regime, asset recovery and introduces the corporate offence of failure to prevent tax evasion.
This is the authoritative guidance, by which accountants and their firms may be judged, ultimately by disciplinary tribunals and the courts of law.