CCAB Anti Money Laundering Guidance for the Accountancy Sector
“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 is based on the law and regulations as of
26 June 2017. It covers the prevention of money laundering and the countering of terrorist financing. It is intended to be read by anyone who provides audit, accountancy, tax advisory, insolvency, or trust and company services in the United Kingdom and has been approved and adopted by the UK accountancy AML supervisory bodies.
The guidance has been prepared jointly by the CCAB bodies:
Institute of Chartered Accountants in England and Wales
Association of Chartered Certified Accountants
Institute of Chartered Accountants of Scotland
Chartered Accountants Ireland
The Chartered Institute of Public Finance and Accountancy
It has been approved and adopted by the UK accountancy supervisory bodies”
All members whether registered with one of the supervisory bodes or with HMRC should familiarise themselves with this guidance and recognise that contain our sectors best practice in regard to the AML Directives