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Economic crime

Access guidance, resources and tools relating to the prevention of Economic Crime, including Anti-money laundering, Sanctions, Fraud, Bribery and Corruption.

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Guidance

Guide: Economic Crime Act 2022

Understand what the Economic Crime (Transparency and Enforcement) Act 2022 means in practice for accountants.
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Statement

CCAB statement on Ukraine

The statement to the profession following the imposition of further financial and trade sanctions on Russian and Belarusian Government officials and other named individuals and entities, by countries around the world.
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Podcast

What’s in the second Economic Crime Bill?

In this episode of the ICAEW Insights podcast, we look at the Economic Crime Bill currently passing through Parliament.
Listen now

Latest articles

How accountants should help businesses maintain strong ethics
  • Article
  • 29 Sep 2023
An ethically sound operating environment depends upon close collaboration between finance professionals and their businesses or clients. Ethics Standards Committee member Vicky Andrew shares her experiences and highlights useful resources.
007 money laundering and economic crime template
  • Article
  • 25 Sep 2023
Focus must shift to prevention, PAC warns, after the body responsible for overseeing government expenditure calls for action to tackle currently untracked fraud and error losses of potentially tens of billions of pounds a year.
Failure to prevent fraud: what’s coming?
  • Article
  • 22 Sep 2023
Mike Miller, ICAEW’s Economic Crime Manager, outlines the key aspects of the new failure to prevent fraud offence, which will come into effect when the Economic Crime and Corporate Transparency Bill receives Royal Assent.
Insider dealing: APEM secures £50m+ funding
  • Article
  • 11 Sep 2023
Environmental, social and governance (ESG) is on the agenda of all businesses now, and it’s the E in ESG that APEM, which in June took on another round of funding, is focused on. Jason Sinclair reports.
AI fraud and accountants
  • Article
  • 08 Sep 2023
Many predictions about AI taking our jobs have not yet materialised, but the threat of AI-driven fraud is a much more worrying development.
Need to know: Economic Crime Bill and Companies House reform
  • Article
  • 01 Sep 2023
As the Economic Crime and Transparency Bill enters the final stages in the parliamentary process, ICAEW Insights recaps how the flagship legislation to tackle money laundering and reform Companies House will impact accountants and businesses.
Charity Fraud Awareness Week: take part in our 2023 charity survey now
  • Article
  • 29 Aug 2023
Take an active role and complete the survey this year.
Treasury consults on AML/CTF supervisory system
  • Article
  • 21 Aug 2023
ICAEW will respond to HM Treasury’s consultation on reform of the anti-money laundering and counter-terrorism financing supervisory system, published in June 2023 in line with a commitment in the Economic Crime Plan 2023-26.
More articles

Key topics

Anti-money laundering Guidance and other work that we have done on anti-money laundering law and practice, in the UK and internationally.
Bribery and Corruption
  • Listing
Bribery and Corruption has long been perceived as a major obstacle for socio-economic development; distorting national and international economic relations.
Fraud
  • Listing
Fraud is usually taken to mean the gaining of an illicit advantage through deception and in particular the manipulation of financial information or accounting records.
Anti-money laundering supervision
  • Hub page
ICAEW is the largest accountancy professional body supervisor in the UK. Learn more about our role

Podcasts

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What’s in the second Economic Crime Bill?
  • Podcast
  • 07 Dec 2022
In this episode of the ICAEW Insights podcast, we look at the Economic Crime Bill currently passing through Parliament.
A person working at a desk with laptop, calculator, papers and pen.
Economic crime, Russia/Ukraine and the Spring Statement
  • Podcast
  • 29 Mar 2022
On the latest ICAEW Insights podcast, we look at the fight to remove Russian economic criminals from the UK, and whether the Spring Statement does enough to address current economic pressures.
People planting a tree
Charity challenges, non-financial misconduct and tax fraud
  • Podcast
  • 20 Jan 2022
In this episode of ICAEW Insights, we look at the issues facing charities in the UK, the increasing focus of regulators, investors and stakeholders on non-financial misconduct and what’s new with tax.

Videos

Displaying 1-4 of 4 results
5 steps to know your client better using open source research, with Nick Bowen from the KPMG Forensic Team.
5 steps to know your client better using open source research, with Nick Bowen from the KPMG Forensic Team.
  • Video
  • 26 Jan 2021
Alongside existing CDD procedures, open source research using publicly available information can help you get to know your clients better – protecting your business and your brand.
The financial controller who stole £20,000: 4 lessons to help you stop internal fraud
The financial controller who stole £20,000: 4 lessons to help you stop internal fraud
  • Video
  • 17 Mar 2021
The real case of a financial controller who attempted to steal £20,000 from her business, and the steps that chartered accountants can take to help prevent internal fraud from happening in their organisation. Chartered accountants need to be alert to potential signs of fraud and manipulation of accounting records. We examine a real case of a business that discovered it had been the victim of internal fraud.
4 ways for chartered accountants to stop criminal activity in their organisation
4 ways for chartered accountants to stop criminal activity in their organisation
  • Video
  • 07 Apr 2021
Chartered accountants can help to spot and prevent fraud from taking place. We examine a real case of a business that discovered its chief financial officer had been falsifying accounts. The real case of a chief financial officer who tried to manipulate his company’s financial position to support its share price, and 4 ways that chartered accountants can help to stop similar criminal activity in their organisation.
How to prevent invoice fraud: A real life case of how a business that lost €500,000 to cyber criminals,
How to prevent invoice fraud: A real life case of how a business that lost €500,000 to cyber criminals,
  • Video
  • 05 Mar 2021
Chartered accountants more than ever need to be alert to potential signs of fraud and manipulation of accounting records. We examine a real case of a business which lost half a million euros to invoice fraud.
Displaying 1-4 of 4 results

Fraud Advisory Panel resources

Guidance, research and training resources on fraud and cybercrime.

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Fraud Advisory Panel

CPD and training

Risk management and fraud courses

ICAEW's risk management and fraud courses address topics relevant to all levels of your organisation. Designed and delivered by experienced financial risk professionals. All CPD courses are live virtual classrooms and can be delivered in-house.
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