The Consultative Committee of Accountancy Bodies (CCAB) have published the final version of their AML guidance for the accountancy sector following approval by the Treasury.

The Anti-Money Laundering and Counter-Terrorist Financing Guidance for the Accountancy Sector 2022 guidance include changes introduced from January 2020 by the EU's Fifth Anti-Money Laundering Directive (AML5) to the Money Laundering Regulations 2017 (MLR17).

This guidance covers the prevention of money laundering and the countering of terrorist financing. It is intended to be read by anyone who provides audit, accountancy, tax advisory, insolvency, or trust and company services in the UK and has been approved and adopted by the UK accountancy anti-money laundering supervisory bodies.

The CCAB guidance covers a number of proposed pragmatic interpretations in relation to AML5 and existing AML guidance. 

The main changes in this final version include:

AML5 

Other changes

Other changes include:

Following approval by HM Treasury and the issue of the final guidance by CCAB, we will update our suite of AML guides.

Useful guides on this topic

AML: Checklist incorporating AML 5
This checklist incorporates the changes made by Anti-Money Laundering Directive 5. 

AML: Anti-Money Laundering Zone
Anti-Money Laundering (AML) Zone takes you to our supporting AML guides, checklists and articles.

External link

CCAB AML Guidance for the Accountancy Sector 2022


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