We follow the recent IPA Anti-Money Laundering (AML) Essential Briefings with a summary of the vital messages to take away and ensure are applied in your work.

Following this message are three articles that include links to essential AML resources. It is essential that you are abreast of the information contained within them.

Parallel to these messages, we remind licence holders to take note of the regular AML alerts that we send to you on behalf of the Accountancy AML Supervisors’ Group (AASG).

You must also follow the National Crime Agency (NCA) guidance on submitting Suspicious Activity Reports (SARs) and Defence Against Money Laundering (DAML) requests. The NCA webpage on SARs, including a link for making SAR submissions, can be found here.

Equally, effective and clear policies and procedures, which your whole firm utilise and are backed-up with effective and pertinent regular training, are essential in order to maintain the required level of AML compliance. Members should note the IPA’s recently updated AML compliance checklist and guide for members.

We trust that the information we have provided will be useful. If you have any questions or concerns, please contact us on
Agile money laundering personas

The National Risk assessment for 2020 highlights that ‘There continues to be a risk that criminals will exploit company liquidation and associated services (including insolvency practice, which may be...
 Read more
Anti-Money Laundering case studies

We have published a series of anonymised case studies that are examples of non-compliance with the 2017 Money Laundering Regulations by members, which did not result in a penalty (financial... Read more
Anti-Money Laundering high-risk indicators

We have compiled details of areas that may indicate a higher risk of money laundering in insolvency work. These indicators should assist our supervisees’ consideration of Anti-Money... Read more

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