In this issue:
Read our latest anti-money laundering supervision report for the results of our monitoring visits, the outcomes of those visits and enforcement action taken. This report also summarises all of our anti-money laundering supervisory activity during the period. In particular, firms should read the report to understand our most common anti-money laundering findings, and access relevant resources to support compliance in these areas.
Firms of all sizes are using ICAEW’s AML educational drama All Too Familiar as a way of supporting in-house training. In our latest case study, we find out how the film has helped to strengthen and underpin the AML culture at BHP, one of the largest independent firms of chartered accountants in the north of England.
New powers brought in through the Economic Crime Act will bolster the Office of Financial Sanctions Implementation's ability to penalise individuals in breach of sanctions rules.
Government has published a review of the UK’s AML regulatory and supervisory regime.
The documents make a thorough assessment of the UK’s money laundering controls and outline areas of focus going forward. These include a commitment to consult on some key proposals for change.
The review proposes further areas of possible reform, most notably in how firms are supervised for AML.
It also commits to consult on some smaller changes to the regulations, where black-and-white inherited EU rules prevent the UK from taking a more risk-based approach to prevention. This includes looking at the enhanced due diligence required for domestic politically exposed persons.
Understand they key points accountants should be aware of ahead of the changes which will take place in October.
This short video summarises why politically exposed persons (PEPs) can be a money laundering risk.
Cryptoassets are becoming more and more mainstream. Register for our next webinar to help you assess the money laundering risks with confidence.
The webinar is taking place on 21 September and representatives from The National Crime Agency, BDO and KPMG will join ICAEW’s anti-money laundering supervision team to answer your questions on the topic.
Find out more about our latest work as the UK’s largest accountancy professional body supervisor for anti-money laundering.
The policy will give greater clarity when it comes to Continuing Professional Development.
The FRC’s recently published Professional Judgement Framework aims to help auditors improve their practice in this key component of quality audit.
In our latest update on professional indemnity insurance (PII), we look at the continuing hard market and how some key issues – from COVID-19 and Russian sanctions to the ever-present risk of cyber attacks – could affect the renewal process.
Give your view on a proposed fee increase for 2023. Please read our budget and proposed fee scales and give your view by 16 September.
We look at why client feedback is so important and provide some tips on how to gather useful data.
Insolvency practitioners who have been newly licensed by ICAEW should watch this recording to help you understand the regulatory framework, what to expect from the monitoring process and access a list of key resources.
Join us for this Restructuring & Insolvency Community webinar: a comprehensive round-up of all relevant pension scheme matters for insolvency professionals. This webinar will guide you through practical issues faced with company pension schemes and address statutory requirements and common issues such as working with Auto Enrolment providers, calculating unpaid pension contribution claims and determining which pension liabilities transfer under TUPE.
The webinar will take place on 12 September.