HM Treasury has approved the updated AML Guidance for the accountancy sector (AMLGAS).  Most practitioners will be familiar with this version as the latest draft has been available on our website since September 2020.     This guidance is based on the law and regulations as of 13 July 2021. It replaces the draft guidance published September 2020. Please note that while most requirements remain, some requirements of the regulations relating to EU lists no longer apply since the UK has left the EU. There are explanatory notes to accompany the updated AMLGAS available below. HM Treasury has also approved the Supplementary Guidance documents for Tax Advisors and  Insolvency Practitioners. Again both Supplementary Guidance documents have been available on our website for some time awaiting HM Treasury approval. AMLGAS Updated AMLGAS Explanatory Notes Supplementary Guidance - Tax Practitioners Supplementary Guidance - Insolvency Practitioners

Chartered Accountants Ireland is currently reviewing the Disciplinary Regulations with a view to identifying and implementing enhancements to improve the overall efficiency, efficacy and fairness of the disciplinary process. The objective of the disciplinary process is to promote adherence to the highest possible standards of professional and business conduct, efficacy and competency by members, member firms, students and affiliates by providing an efficient, effective and fair system for: dealing with complaints and conducting investigations of disciplinary matters; and taking disciplinary action, where appropriate. As part of this review we are inviting comments, suggestions and feedback from stakeholders. Submissions received prior to 12 September 2022 will be used to inform the development of proposals for further consideration by the Professional Standards Board, the Council and oversight bodies including IAASA and the FRC in due course. The existing Disciplinary Regulations and associated guidance are available by clicking on the links.

Professional Standards Department has just published Issue 31 of the Regulatory Bulletin. Click on the link provided to access this publication.