We automatically supervise our member firms through ICAEW’s Practice Assurance scheme. Where we find that a firm isn’t supervised, it is normally because the firm thinks it is an ICAEW member firm, but it isn’t.
Why is it important?
You're breaking the law if you carry on a business activity covered by the regulations but do not register with a supervisory authority.
What should firms do?
It is important that ICAEW members check that their firm meets the definition of an ICAEW member firm and are therefore in the PA scheme and supervised by ICAEW for AML.
Resources to support compliance
Read the report
Read our 2022/23 anti-money laundering supervision report for more detail on the results of our monitoring reviews.
Download
