AML

New guidance on AML

The CCAB has launched a new website focusing on anti-money laundering –Anti-Money Laundering and Terrorism Financing Guidance 2020 can be found at https://tinyurl.com/y5dvv6oq The guidance is based on the law and regulations as of 10 January 2020, but the CCAB warns that some of the requirements of the regulations relating to the EU are expected to change at the end

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Stay alert, comply with the Money Laundering regulations & report suspicious activity

COVID-19 – preventing Money Laundering/Terrorist Financing in Accountancy Sector Practices Bookkeeping and accountancy practices and practitioners should be aware that criminals will continue to operate throughout, and look to take advantage of, the COVID-19 outbreak. This includes laundering the proceeds of crime and terrorist financing, so it is important that everyone is aware of the changing risks. Accountancy Sector Anti-

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