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Ethics and AML round-up

26 June 2020: The essential resources for ICAEW members when it comes to ethical and AML issues.

This list of essential resources gives you links to resources that could prove useful as the pandemic and downturn continue.

AML responsibilities – client take-on during Covid-19

ICAEW have produced a guide for members on how to comply with their Anti-Money Laundering responsibilities during the pandemic. You can find it here.

AML survey: the cost of due diligence

ICAEW is conducting a survey on the costs and benefits of Anti Money Laundering (AML) compliance and would like to hear from members. Click here to take part in a short survey on the subject.

The Codes of ethics

ICAEW’s standard Code of Ethics can be found here. Its insolvency Code of Ethics is here.

SAR helpsheet

ICAEW has created a helpsheet for members that explains when you should make a Suspicious Activity Report (SAR) if you suspect a client of money laundering. You can find it here.] 

CJRS and SEISS guidance

ICAEW’s Tax Faculty has produced guidance on the Coronavirus Job Retention Scheme (CJRS) and the Self-Employed Income Support Scheme (SEISS). These cover the eligibility criteria of each scheme, and what is against the rules. The CJRS guide can be found here. SEISS guidance is here.

Other resources

You can find a complete list of AML resources here.

You may also discuss your specific situation confidentially with the Ethics Advisory Service on +44 (0)1908 248 250 or e-mail ethics@icaew.com