We asked a sample of firms about SAR training, policies and procedures, the role of the nominated officer, levels of SAR reporting, reasons for suspicion and areas where firms would appreciate further guidance or clarity.

The money laundering regulations (MLRs) require every relevant organisation to take appropriate steps to identify and assess the risks of money laundering and terrorist financing to which its business is subject. We refer to this as the firm-wide risk assessment. It is the foundation upon which a firm builds its AML policies and procedures, particularly regarding customer due diligence (CDD). We asked the money laundering reporting officer (MLRO) at a sample of 100 high and high/medium risk accountancy firms a series of questions. We also asked for a copy of their most recent firm-wide risk as...

In November 2025, the UKFIU published updated guidance relating to Suspicious Activity Reporting (SAR). It pertains to using the SAR portal, submitting a SAR and understanding DAMLs and DATFs. Find out what you need to know to stay current with the latest requirements. 

Ahead of Companies House ID verification coming in for new directors, several companies seemingly posing as existing firms have incorporated in recent weeks.

We asked a sample of firms about SAR training, policies and procedures, the role of the nominated officer, levels of SAR reporting, reasons for suspicion and areas where firms would appreciate further guidance or clarity.

HM Treasury has published a consultation to hear feedback on proposals to reform the supervision of anti-money laundering and counter-terrorist financing (AML/CTF) compliance among professional services businesses. HM Treasury is keen to hear from stakeholders across the AML-regulated population. There is also an opportunity to register for roundtable discussions on the proposals.

Our 2024/25 anti-money laundering supervision report provides a comprehensive account of ICAEW’s supervisory activity and continued work to protect against money laundering and other forms of financial crime within the accountancy sector. In this year's report, check out the root causes for non-compliance and register for the webinar.

As part of its plenary meeting, the Financial Action Task Force has announced the removal of the following countries from the grey-list:

• Burkina Faso
• Mozambique
• Nigeria
• South Africa