Professional Standards

What we do

The Professional Standards Department of Chartered Accountants Ireland, along with relevant compliance and disciplinary committees, is responsible for the delivery of the Institute's regulatory and disciplinary obligations which derive both from statute and its own Bye-Laws and Regulations. The Regulatory Policy Board develops Institute policy with regard to regulatory matters and approves Institute Regulations governing regulation & discipline. The Chartered Accountants Regulatory Board (CARB), oversees and supervises how the Institute fulfils its regulatory and disciplinary remit.

Latest news

Professional Standards

The UKFIU has published the Suspicious Activity Reports (SARs) Annual Report 2019. The UKFIU received and processed a record number of SARs (478,437), with a 52.72% increase in requests for a Defence Against Money Laundering (DAML) (34,543). The Report highlights that the number of SARs from accountants remains low, with accountants and tax advisers submitting 1.06% of the total submitted in 2018/19. The case studies on page 12 demonstrate the value of SARs intelligence in tackling a wide range of crimes.

Nov 07, 2019
Professional Standards

Transparency International published a new report today which investigates how UK businesses and institutions help corrupt individuals and regimes launder their money. You can find the report here: https://www.transparency.org.uk/publications/at-your-service/

Oct 24, 2019
Professional Standards

CCAB has published the draft Supplementary Anti-Money Laundering Guidance for Insolvency Practitioners (IPs).  This is draft guidance pending approval from HM Treasury. IPs should refer to the Main Body Guidance (the Guidance) for detailed information about AML legislation and associated offences, and comprehensive guidance on compliance with the various requirements imposed by the legislation. This draft Appendix is concerned principally with matters that are particular to those acting as IPs.   This draft AML Guidance for IPs covers the UK legislation but many aspects of this guidance will also be relevant to IPs in Ireland.

Oct 14, 2019