Circumstances where there may be high risk of money laundering and terrorist financing

Jan 22, 2021
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended) require firms to take the appropriate steps to identify and assess the risk that they could be used for money laundering, including terrorist financing.

The Accountancy AML Supervisors Group (AASG) in the UK has identified those circumstances where there might be a high risk of money laundering or terrorist financing in the accountancy sector.

This Guidance also reflects the key risks and threats highlighted within the UK’s National Risk Assessment 2020.