COVID-19

Completion of Client Due Diligence (CDD) during urgent work

Chartered Accountants Ireland, in conjunction with CCAB, has published Covid-19 Supplementary AML Guidance – Click on the following link to access - Completion of Client Due Diligence (CDD) during urgent work (Regulation 30 of Money Laundering Regulations 2017).

Accountancy Affinity Group (AAG) – Advisory Note

COVID-19 –and preventing Money Laundering/Terrorist Financing in Accountancy Practices
Chartered Accountants Ireland, as a member of the Accountants Affinity Group (AAG) has issued guidance on AML responsibilities during the Covid-19 crisis. This Guidance looks at controls, policy and procedural issues, as well as new risks as a result of Covid-19. The AAG is comprised of the AML supervisors within the accountancy sector in the UK. However this Guidance was drafted in conjunction with the legal sector.
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ICAEW Guidance

The current emergency situations in Ireland and the UK undoubtedly give rise to heightened risks and challenges to Institute firms and their compliance with their anti-money laundering (AML) obligations in both jurisdictions. Our colleagues in ICAEW have prepared useful information and guidance on the implications of the COVID-19 situation and AML issues.  While this material is written in a UK context, the guidance it sets out is also relevant to Ireland.  The ICAEW information can be accessed here.  

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