Anti-Money Laundering (AML) Guidance for the Accountancy Sector

Mar 15, 2018

HM Treasury has recently approved the Consultative Committee of Accountancy Bodies’ (CCAB) Anti-Money Laundering (AML) Guidance for the Accountancy Sector.  Together with CCAB we have published new anti-money laundering (AML) guidance for all entities providing audit, accountancy, tax advisory, insolvency or related services such as trust and company services, by way of business in the UK.  The guidance has been updated for the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 which transposed the 4th EU AML Directive in the UK.  The guidance was published in draft by CCAB in summer 2017. 

The final approved guidance has been published by Chartered Accountants Ireland, with permission from CCAB, as Technical Release 02/2018 and replaces Miscellaneous Technical Statement 40 (Revised) Anti-Money Laundering Guidance for the Accountancy Sector in the UK (M40), issued in 2008 and withdrawn in 2017.

Technical Release 02/2018 Anti-Money Laundering Guidance for the Accountancy Sector (UK) is TR 02 2018 CCAB AML Guidance for the Accountancy Sector March 2018