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The Consultative Committee of Accountancy Bodies (CCAB) has issued supplementary Anti-Money Laundering (AML) guidance on the completion of Client Due Diligence (CDD) during urgent work.

The supplementary guidance provides further detail, in the context of COVID-19, on the principles which underlie existing rules set out in Regulation 30 of the Money Laundering Regulations 2017 (MLR17).

In the context of COVID-19, the CCAB advises that:

Useful guides on this topic

AML: Identification and Verification, Individuals
What checks are required under AML rules for identification and verification? What is covered in identification? How do you verify ID?

AML: Identification and Verification, Entities
These are specifically related to UK private companies, Limited Liability Partnerships (LLPs) and partnerships (other than LLPs). What checks are required under AML rules for identification and verification? What is covered in identification? How do you verify ID?

COVID-19: Time to Pay
Business and self-employed taxpayers with outstanding tax liabilities may be eligible to receive support with their tax affairs through HMRC’s Time To Pay service.

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

External link

CCAB Supplementary COVID-19 AML Guidance


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