NEW ICAEW GUIDANCE ON CRIMINAL CONVICTIONS, CAUTIONS AND AML

On 28th May, Kingsley Napley published a briefing saying that from 1st April, criminal conduct by chartered accountants who are ICAEW members will be dealt with according to the new version of the Guidance on Sanctions.  Further changes will follow in July 2019, with the introduction of new guidance for AML breaches where the relevant conduct has not resulted in a criminal conviction.  The article suggests that these latter changes may well be part of the renewed focus on AML that is occurring across the regulated sector, in response to the setting up of the Office for Professional Body Anti-Money Laundering Supervision (OPBAS) in the UK.

https://www.kingsleynapley.co.uk/insights/blogs/regulatory-blog/new-icaew-sanctions-guidance-on-criminal-convictions-cautions-and-anti-money-laundering#page=1

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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