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Regulatory Update Anti-money laundering

AML - the essentials, issue 12 Welcome to AML – the essentials, your regulatory update containing the latest information and guidance to help inform your AML risk assessment, policies and procedures. Read this issue

Regulatory updates New anti-money laundering web pages We have re-launched our AML web pages, clearly signposting our guidance and resources, to help your firm comply with the Money Laundering Regulations 2017. New Suspicious Activity Reports (SARs) resources and guidance New guidance on submitting better quality SARs from the Flag it Up! campaign and new resources from the UK's Financial Intelligence Unit Whistleblowing Report your suspicions of non-compliance or lack of supervision to ICAEW Cannabis. Its legal status and engaging with clients who invest in it. We explore the key points to consider when taking on a client who is investing in the production of cannabis. AML News UK's AML regime the strongest Financial Action Task Force report describes the UK AML regime as the strongest of any country assessed. Download the report New sanctions list HM Treasury has published an update to the UK sanctions list. View the list Launch of new task force The new Economic Crime Strategic Board has been set up by the Government to tackle economic crime. Read more New and useful resources New helpsheet: Client due diligence – FAQs Firm-wide risk assessment new blank template Firm-wide risk assessment methodology AML compliance review checklist High-risk factors AML guidance for the accountancy sector Access to core accounting and tax library for eligible firms