Need to know
National risk assessment (NRA) of money laundering and terrorist financing 2020
- Helpsheets and support
- 20 Jan 2021
The NRA is the UK’s stock-take of our collective knowledge of money laundering and terrorist financing risks in the UK.
Anti-Money Laundering and Counter-Terrorist Financing Guidance for the Accountancy Sector 2020
- Website
- 08 Sep 2020
The CCAB has published updated guidance for the January 2020 amendments of the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. This guidance has not yet been approved by HM Treasury.
Introduction to Anti-Money Laundering for Professional Accountants (ICAEW & IFAC AML – The Basics 1)
- Helpsheets and support
- 21 Sep 2020
- PDF (414kb)
Part 1 of ICAEW and IFAC joint series on the basics of anti-money laundering.
What to do if you suspect your client of furlough fraud
- Article
- 25 Jun 2020
26 June 2020: Government schemes to ease the financial impact of the Coronavirus pandemic have been a lifeline for businesses. But with measures rushed in so quickly, some will inevitably take advantage.
Money laundering regulations
Money Laundering Regulations 2017
- Regulations
- 14 Jan 2019
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.
Money laundering regulations compliance review 2018 checklist
- Helpsheets and support
- 25 Apr 2023
- DOCX (67kb)
AML checklist issued 8 March 2018. Updated April 2023.
Exclusive
Source of wealth factsheet
- Helpsheets and support
- 06 Feb 2020
- PDF (151kb)
Guidance on when you need to establish a client’s source of wealth, and how to do so.
Anti-money laundering implications of investments in cannabis, CBD and other cannabinoids
- Helpsheets and support
- 13 Jul 2021
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.
Reporting discrepancies in the register
- Helpsheets and support
- 26 Oct 2021
What are the obligations to report discrepancies in the People with Significant Control register?
CCAB guidance
Anti-Money Laundering Guidance
- Regulations
- 18 Mar 2011
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.
Supplementary anti-money laundering guidance for insolvency practitioners
- Helpsheets and support
- 07 Oct 2019
- PDF (251kb)
Anti-money laundering guidance for Insolvency Practitioners – Draft pending HM Treasury approval
CCAB article on phishing and insider fraud
- Article
- 13 Aug 2020
An article from the CCAB Economic Crime Panel on phishing and insider fraud.
Guidance on reporting to the National Crime Agency
New SARs Glossary codes and reporting routes published
- Helpsheets and support
- 28 May 2020
The UK Financial Intelligence Unit (UKFIU) has published new Glossary codes and reporting routes.
SARs Top tips for effective reporting
- Helpsheets and support
- 02 Sep 2016
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.
SARs disclosures in civil litigation cases
- Report
- 05 Aug 2021
Money laundering: the confidentiality and sensitivity of suspicious activity reports (SARs) in the context of disclosure in private civil litigation.
Defence Against Money Laundering
- Helpsheets and support
- 05 Aug 2021
Information and guidance on requesting a DAML.
Sanctions
AML terrorism and sanctions
- Helpsheets and support
- 30 Jul 2014
Sanctions are used for a number of purposes, including pressurising a particular country or regime to change their behaviour, or to prevent terrorist financing.
AML terrorism and sanctions
- Helpsheets and support
- 30 Jul 2014
Sanctions are used for a number of purposes, including pressurising a particular country or regime to change their behaviour, or to prevent terrorist financing.
Criminal finance act
Failure to Prevent Tax Evasion (Criminal Finances Act 2017)
- Regulations
- 23 Jan 2018
- PDF (260kb)
Guidance on the Failure to Prevent Tax Evasion regulations.
Criminal finances act webinar
- Webinar
- 04 Jun 2018
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
Anti money laundering helpsheets
- Listing
- 23 Dec 2021
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.