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UK law and guidance on anti-money laundering

This section details some of the laws and guidance about anti-money laundering in the UK

 

In this section

Money laundering regulations

Money Laundering Regulations 2017

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the Money Laundering Regulations 2017) came into force on 26 June 2017. This legislation built on the 2007 regulations, although there are some specific, and potentially significant, changes that you need to be aware of and factor into your policies and procedures.

Anti-money laundering implications of investments in cannabis, CBD and other cannabinoids

This guidance has been prepared to alert members to their potential position under the Money Laundering , Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (“MLR 2017”) and the Proceeds of Crime Act 2002 (“POCA”) in relation to clients who have invested in Cannabis in jurisdictions where it has been legalised for medicinal and/or recreational use.

CCAB guidance

Anti-Money Laundering Guidance

Guidance for those providing audit, accountancy, tax advisory, insolvency or related services in the United Kingdom (including such firms providing trust or company services) on the prevention of money laundering and the countering of terrorist financing.

TAXguide 04/09

Money laundering: supplementary guidance for the tax practitioner

Guidance on reporting to the National Crime Agency

SARs Top tips for effective reporting

The National Crime Agency (NCA) have expressed their appreciation for the Suspicious Activity Reports (SARs) that accountants provide. By ‘mining’ the database of Suspicious Activity Reports (SARs) and investigating similarities, trends and patterns, Law Enforcement have been able to uncover and prosecute organised criminal activity.

Making SARs safely

The Serious and Organised Crime Agency (SOCA) takes the need to protect the confidentiality of reporters very seriously. Access to Suspicious Activity Reports (SAR) information is conditional on compliance with Home Office issued guidance.

Sanctions

Criminal finance act

Criminal finances act webinar

Jennifer Haslett - Head of corporate crime and international engagement at HMRC and David Stevens - Integrity and law manager at ICAEW discuss the criminal finances bill.

Research and further support

Money laundering helpsheets

Helpsheets prepared by ICAEW Technical Advisory Service to assist you in your day-to-day work. We offer practical advice, respond to frequently asked questions and highlight the issues you may need to consider.