Key reminders and updates
PII consultation: we want to hear from you
The ICAEW Regulatory Board is consulting on changes to ICAEW's professional indemnity insurance (PII) arrangements. James Roberts, Chair of ICAEW’s PII Committee, and Sarah-Jane Owen, PII and Regulatory Manager at ICAEW, outline the key proposals and explain why they want as many people as possible to respond to the consultation.
Disciplinary update: November 2023
Take note of the latest disciplinary cases to ensure you or your firm are not making similar mistakes.
A Guide for Witnesses
A complaint received by ICAEW can progress through our disciplinary process and can sometimes end in a hearing, at which witnesses may be asked to attend to provide oral evidence. We understand that acting as a witness can be challenging or daunting. This guide will help you understand the investigation and hearing processes, what to expect as a witness and what support is available.
Fees for regulated areas and affiliates
Find out more about the fees for affiliates, audit, DPB (Investment Business), insolvency, Licensed Practice scheme, and legal services (eg, probate and oaths).
Quality Assurance monitoring: view from the firms
As a world-leading improvement regulator, we supervise and monitor over 12,000 ICAEW firms and insolvency practitioners (IPs), holding them, and all ICAEW members and students, to the high standards of competency and conduct expected by the profession. Find out what our firms thought of the monitoring review process from our latest survey.
Anti-Money Laundering (AML)
AMLbites - Proliferation financing
Produced by the anti-money laundering supervision team, this video focuses on the definition of proliferation financing, changes to regulations in relation to proliferation financing and the key factors associated.
Economic Crime and Corporate Transparency Act becomes law
We outline the changes and implications of the Economic Crime and Corporate Transparency Act.
SARs webinar: insights from the National Crime Agency
Invaluable guidance for money laundering reporting officers and anyone involved in the submission of suspicious activity reports (SARs) to the National Crime Agency.
Webinar recording: listen back to the results of two key ICAEW reports
The team present the latest results and common findings from our monitoring reviews, alongside the results of our 2023 thematic review which focused on the role of the MLRO.
The Role of the Money Laundering Reporting Officer
Find out more on the role of money laundering reporting officers (MLROs) and how they fulfil their responsibilities. We asked about the challenges they face, training, SARs, compliance monitoring and emerging risks in their client base, providing insight and guidance as an AML supervisor.
Anti-money laundering supervision report
Our 2024/25 anti-money laundering supervision report has been published. The 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.
Insolvency
Exclusive
QAD round up, compliance and legal updates
Recordings of the recent Restructuring and Insolvency Community webinars are available on our website. Listen again or read a summary of the Q&A.
Probate
Probate investment structures guidance
- PDF (187kb)
In licensed probate firms, non-authorised persons holding a material interest in the firm must be approved before obtaining interest in the firm. When considering complex restructures (large/investment structures), be sure you’re current with what's needed if you're acquiring (or being acquired by) one. Find further information in our latest guidance.
HMCTS update on delays in probate applications
As a member of the Probate Service User Group, the ICAEW Regulatory Policy team regularly meet with Her Majesty's Courts and Tribunals Service (HMCTS) to raise your questions and feedback. Find out what improvements are being planned for Autumn 2023 in HMCTS.
Sanctions update: new legal services general licence
A new General Licence for legal services (including probate work) came into effect on 29 October 2023. A licence from OFSI is written permission to carry out an act that would otherwise be in breach of financial sanctions prohibitions. Find out what has changed and access the updated licence.
Audit
Audit register update
The register of statutory auditors website will soon have a more modern look. Find details for recognised supervisory bodies and searchable information on individuals and firms approved to carry out audit work.