Free CPD: Anti-Money Laundering

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.

Helpful AML content

If you’re part of an AML supervised firm, you’ll find a whole host of AML resources here, including webinars, factsheets and guidance. Our 2023/24 Supervision Report was published in October and contains a comprehensive account of our supervisory activity. 

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. 

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. Members can watch it for free here.

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)
• Guidance on how to report suspicious activity
• Crypto-assets: AML guidance for accountants
• Our collection of AML third-party guidance, model documents and checklists

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.

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. The current edition, Issue 33, includes ICAEW’s thematic review on the firm-wide risk assessment and signposts recent updates including a Companies House timeline for corporate reform.

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:

• Client due diligence
• AML for smaller practices
• Tipping off