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.
We email ICAEW money laundering reporting officers when a new issue of Anti-money laundering – the essentials is available. Anti-money laundering – the essentials is also available to all ICAEW members, please select the anti-money laundering topic from your list of preferences and we will notify you by email when a new issue is available.
Latest AML news
AML webinar: 2024 AML results and thematic review
- Link
- 06 Jan 2025
Listen back as our anti-money laundering supervisory team discuss the latest monitoring review results and this year’s thematic review on the firm-wide risk assessment.
AML webinar: customer due diligence in practice
- Link
- 06 Jan 2025
Our panel of money laundering reporting officers provided practical insight into how they face the challenges of effective and compliant customer due diligence.
ICAEW AML supervisory role and activity Q3 2024
- Link
- 08 Nov 2024
Find out what we did in Q3 2024 to prevent money laundering.
Guide to the role of money laundering reporting officer
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- 01 Oct 2024
Comprehensive guidance for new and existing money laundering reporting officers (MLROs) to enable you to fulfil your role effectively and break it down into manageable tasks. Select the role that applies to you for full guidance on your responsibilities.
AMLbites
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- 01 Oct 2024
Stay ahead of the curve with our short and engaging anti-money laundering bite size videos. Recent topics include the AASG Risk Outlook, financial sanctions and politically exposed persons.
Webinar recording: Practice Assurance monitoring report
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- 01 Oct 2024
Watch our Quality Assurance Department present the key findings from monitoring reviews over the last year, including a focus on anti-money laundering themes.
AASG Risk Outlook
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- 01 Oct 2024
Review the risks within the Risk Outlook and consider how your firm may face these risks. July 2024 updates included the addition of risks and red flags around proliferation financing and crypto-assets, as well as further details on the risk of trust and company services.
UKFIU resources
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- 01 Oct 2024
The UKFIU has also published new resources to support firms in improving the quality of the information they submit via suspicious activity reports. Read its latest publications:
All available issues of AML: the essentials e-newsletters
Issue 33 October 2024
- Newsletter
- 30 Oct 2024
Read ICAEW’s thematic review on the firm-wide risk assessment, our AML Supervision Report or register for an upcoming webinar where the team will discuss the results reported in both publications. We also signpost recent updates including a Companies House timeline for corporate reform, UKFIU publications and changes to the list of high-risk third countries. Other resources include a new AMLbites video and recent webinar recordings.
Issue 32 July 2024
- Newsletter
- 29 Jul 2024
We launch ICAEW's new guide and website area for those working in AML compliance. Use the guide to help you fulfil your role effectively. We also highlight the recently updated AASG Risk Outlook, explain the proposed new process for ID verification for Companies House, and flag changes to the high risk third countries list you should be aware of.
Issue 31 April 2024
- Newsletter
- 29 Apr 2024
So far in 2024, there have been a number of regulatory and legislative changes, which we share in this edition. We also encourage you to respond to the open consultations and government surveys to ensure that future changes to the anti-money laundering regulatory framework are workable for the accountancy sector.
Issue 30 January 2024
- Newsletter
- 30 Jan 2024
In our 30th issue of AML – the essentials, we remind you of the key changes that occurred at the end of 2023, the new Statutory Instrument that came into force on 10 January 2024 and what resources will help you remain compliant in 2024.
AML – the essentials, issue 29
- Link
- 25 Sep 2023
In this edition, we share the CCAB AML Guidance that has been updated for the requirements around proliferation financing risk assessments and ongoing discrepancy reporting. We have also included a range of AML resources, an invitation to our next webinar and links to the National Crime Agency’s new SARs Portal and associated guides.
Issue 29 September 2023
- Newsletter
- 21 Sep 2023
In this edition, we share the CCAB AML Guidance that has been updated for the requirements around proliferation financing risk assessments and ongoing discrepancy reporting. We have also included a range of AML resources, an invitation to our next webinar and links to the National Crime Agency’s new SARs Portal and associated guides.
Issue 28 May 2023
- Newsletter
- 26 Apr 2023
In this edition, we remind you about new requirements for ongoing discrepancy reporting that came into force on 1 April 2023, invite you to our next webinar and sign-post guidance and helpful resources such as new AMLbites videos.
Issue 27 January 2023
- Newsletter
- 05 Jan 2023
Read this issue for information on the prohibition on audit services and trust services to Russia, upcoming changes to the Register of Overseas Entities (ROE) Regulations, key points for the accountancy sector from recent changes to the Money Laundering Regulations, the risks of verification work relating to the ROE and access to new resources including a new AMLbites video. We also highlight useful helpline numbers and a demonstration of the upcoming new SARs portal.
Issue 26 November 2022
- Newsletter
- 18 Nov 2022
In our latest AML update we highlight the results of our recent thematic reviews on sanctions and COVID-19 support schemes. We also give an update on the Register of Overseas Entities and provide a link to the UKFIU’s recent webinar showcasing its new suspicious activity reporting portal. There is also a reminder about the range of AML resources that are available including our AML helpline.
Issue 25 July 2022
- Newsletter
- 21 Jul 2022
In this issue, we provide an update on proposed changes to the Money Laundering Regulations, give an invitation to the upcoming cryptoassets webinar and collate the resources issued in response to UK sanctions against Russia.
Issue 24 April 2022
- Newsletter
- 29 Mar 2022
In this issue, we summarise the resources issued in response to UK sanctions against Russia, highlight the implications of the Economic Crime Act and look at the risks associated with virtual assets in the seventh instalment of AML: The Basics.
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Useful links
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