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The CCAB has published its new draft money laundering guidance for auditors, accountants and tax advisors.

The five members of the CCAB: ICAEW, ACCA, ICAS, CAI and CIPFA have jointly prepared the guidance, based on the new Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017, effective from 26 June 2017.

Additional draft tax and insolvency guidance will be published in due course.

The guidance includes examples of risk factors, when you should report to a Money Laundering Reporting Officer, and how to complete your customer due diligence.

Links

Money Laundering Regulations: Accountants’ Registration

Money Laundering Checks: know your client

External links

Anti-money laundering guidance for the accountancy sector


 

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