AML Supervision
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Oct- 2024 -15 OctoberNews-In-Brief
Today’s news in brief – 15/10/2024
The ICAEW’s 2023/24 Anti-Money Laundering (AML) supervision report reveals that 186 firms were asked to improve their AML practices, with 39 firms sanctioned and fined £92,025, and one member excluded. Of the 1,088 firms monitored, 80.7% were deemed compliant or generally compliant. ICAEW recently adjusted its supervision approach to emphasise…
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15 OctoberAccounting Standards
ICAEW tells 215 firms to improve AML practices
ICAEW has published its anti-money laundering (AML) supervision report for 2023/24 in which it revealed 215 firms have been asked to improve their AML practices and 39 were sanctioned. The institute carried out 1,088 monitoring visits across its supervised firms during the year, with 80.7% assessed as compliant or generally…
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Aug- 2024 -29 AugustAdvice & Best Practice
What the AML regulations mean in practice
The National Crime Agency estimates that money laundering operations within the UK economy reach into the hundreds of billions of pounds. To aid accountants in navigating and advancing their compliance with anti-money laundering (AML) requirements, Tim Pinkney, the IFA’s Director of Professional Standards, explores key AML concerns. AML regulations accountants…
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