The AML basics
If you’re new to AML, a great place to start is What is money laundering?
Then new and existing money laundering reporting officers (MLROs) should head to our Money Laundering Reporting Officer Guidebook where you’ll find comprehensive guidance to help you fulfil your role effectively and break it down into manageable tasks.
Explore the money laundering regulatory framework, updated in January 2024, that applies to all ICAEW member firms here. And to dive deeper, take a look at AML risk and how member firms can take a risk-based approach where you'll find AML guidance for the accountancy sector and advice on how to perform a firm-wide risk assessment.
A recent ICAEW article looks at how the role of MLRO is evolving, with input from experienced MLROs on the skills they need to meet their obligations.
AML resources
If you’re part of an AML supervised firm, you’ll find a whole host of AML resources here.
Our 2023/24 Supervision Report, with the theme of protecting against professional enabling, is supported by a webinar, which can be watched on demand, and this Q&A, which covers off some of the questions asked by members during the live event.
All members can watch our two most recent webinars on demand: Meeting the AML challenge: a proactive approach for modern firms and 2024 AML results and thematic review: the firm-wide risk assessment. Find responses to some of the key questions raised during the latter in this Q&A.
All Too Familiar, ICAEW’s award-winning training film, was produced in collaboration with HMRC. It explores the trust placed in personal and professional relationships and asks whether trust is enough in the fight against economic crime. Find out how you can watch it.
Also, take a look at:
- The 10 most common compliance issues
- 5 steps to get to know your client better
- How to complete customer due diligence (and take a look at this page explaining our free client screening service)
The introduction of ACSP
If you’re a third-party provider planning on carrying out identity verification checks for Companies House on behalf of your clients, registration to become an authorised company service provider (ASCP) is now open.
To fully understand ACSP registration and compliance, take a look at this webinar: Companies House update: ACSPs and the Economic Crime and Corporate Transparency Act.
Keep up to date
AML risks are always evolving. Our 10 minute bite size videos, AMLbites, will help you keep up to date with key topics in AML. The latest videos published in June cover:
- The distinctions between Source of Funds and Source of Wealth, regulatory requirements and enhanced due diligence.
- An in-depth overview of family offices and their potential use in high-end money laundering.
AML - the essentials is our regular AML newsletter that provides members with information on the latest legislative changes and practical guidance to inform risk assessments, policies and procedures.
Most popular helpsheets
For practical, specific help when you need it, we provide a range of handy helpsheets. These three have proven most valuable to our members:
