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

This document aims to provide MLROs with observations from the UKFIU on what is being seen in reporting around COVID-19 and SARs. Several SARs have been seen relating to suspicions that individuals are exploiting the COVID-19 outbreak to account for money movements that suggest possible money laundering. Although it is UK based, the information will also be of interest to MLROs in Ireland.

May 04, 2020
Professional Standards

The UKFIU has implemented three new SAR Glossary Codes for MLROs as a result of the increased threat posed by organised crime groups (OCGs) seeking to exploit the COVID-19 situation by means of fraud. The Glossary Codes Note document can be found on the NCA website, also included at the below link; https://www.nationalcrimeagency.gov.uk/who-we-are/publications/443-sar-glossary-codes-note-april-2020/file The Glossary Codes and Reporting Routes document can be found on the NCA website also included at the below link; https://www.nationalcrimeagency.gov.uk/who-we-are/publications/442-sar-glossary-codes-and-reporting-routes-april-2020/file     

May 01, 2020
Professional Standards

Our 25th edition of the Regulatory Bulletin is now available. For previous issues, please see our Archive folder.

Apr 30, 2020