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AML supervision

We have an important role as the largest accountancy professional body supervisor in the UK, supervising around 11,000 firms. Our strategy is to provide robust anti-money laundering supervision through a risk-based regime, focussing our efforts on firms where the risk that they will be used to enable money laundering is highest. Money laundering is the process by which the profits of illegal activities are disguised and made to appear legitimate. The impact of money laundering is devastating – it’s a crime that funds other serious crimes such as modern slavery, drugs trafficking, fraud, corruption and terrorism.

2023/24 AML Supervision Report published

Our 2023/24 anti-money laundering supervision report has been published. The report provides a comprehensive account of ICAEW’s supervisory activity and continued work to protect against money laundering and other forms of financial crime within the accountancy sector.

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What is required of an ICAEW anti-money laundering (AML) supervised firm?

ICAEW AML supervised firms play a critical role in detecting and preventing money laundering and terrorist financing.
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Apply for AML supervision by ICAEW

We have an important role as the largest accountancy professional body supervisor in the UK, supervising around 11,000 firms. Our strategy is to provide robust anti-money laundering supervision through a risk-based regime, focussing our efforts on those firms where the risk that they will be used to enable money laundering is highest.
Find out more
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Money on clothing line

Our role as an AML supervisor

ICAEW is the largest accountancy professional body supervisor in the UK, supervising around 11,000 accountancy firms. Our strategy is to provide robust anti-money laundering supervision through a risk-based regime. We focus our efforts on firms where the risk that they will be used to enable money laundering is highest. At the same time we offer help and support to our firms where appropriate.
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Resources

AML resources

Useful resources for ICAEW's AML supervised firms.

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AMLbites

Providing you with the basics on popular AML topics.

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Raise an AML concern

How to raise a concern about a breach of the Money Laundering Regulations 2017 by an ICAEW supervised firm.

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AML thematic reviews

View the findings and resources for sanctions, SARs, COVID loans, and trust and company services.

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