CCAB Draft Anti Money Laundering Guidance for Accountants
This is new draft guidance for all entities providing audit, accountancy, tax advisory, insolvency or related services, such as trust and company services, by way of business.
This draft guidance has been updated to be sent to HM Treasury for approval later this year, after which it will be published as final.
Comments can be sent to firstname.lastname@example.org
Accountants are key gatekeepers for the financial system, facilitating vital transactions that underpin the UK economy. As such, they have a significant role to play in ensuring their services are not used to further a criminal purpose. As professionals, accountants must act with integrity and uphold the law, and they must not engage in criminal activity.
This guidance has been prepared to help accountants (including tax advisers and insolvency practitioners) comply with their obligations under UK legislation to prevent, recognise and report money laundering. Compliance with it will ensure compliance with the relevant legislation (including that related to counter terrorist financing) and professional requirements.