CCAB ACCOUNTANTS’ AML GUIDANCE GETS AN UPDATE

On 15 September, Accounting Web explained that the Consultative Committee of Accounting Bodies (CCAB) is responsible for producing the AML/CFT guidance for the accountancy sector. This guidance is then approved by HM Treasury and once approved must be taken into account by the courts when considering if an individual or business has breached the Money Laundering Regulations.  A draft version of updated guidance was issued on 4 September, taking into account the 5th AML Directive.  The article explains the changes made.

https://www.accountingweb.co.uk/practice/general-practice/ccab-anti-money-laundering-guidance-gets-an-update

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s