Guidance

There are many sources of guidance to assist those operating in the accountancy sector. The primary reference point is the CCAB guidance which provides guidance on implementing and complying with anti-money laundering requirements, as well as practical guidance on good practice for matters not prescribed in law.

CCAB Guidance

The Consultative Committee of Accountancy Bodies (CCAB) has issued guidance, the final version of which was published in December 2007 and approved by HM Treasury in August 2008:

CCAB Guidance: Anti-Money Laundering Guidance for the Accountancy Sector

Guidance for Insolvency Practitioners

In addition to the CCAB guidance, reference should be made by Insolvency Practitioners to the Association of Business Recovery Professionals (R3) guidance:

Association of Business Recovery Professionals (R3) Guidance

Guidance for Auditors

Special guidance is also available for auditors in the Auditing Practices Board Practice Note 12 (Revised), Money Laundering Interim Guidance for Auditors on UK legislation:

Updated Practice Note 12 (Revised)

JMLSG Guidance

Amendments to the December 2007 guidance (Parts I, II and III) received Treasury Ministerial approval on 10 February 2011.

Part 1 (Dec 09)

Part 2 (Dec 09)

Part 3 (Oct 10)

The Joint Money Laundering Steering Group (JMLSG) guidance, issued in December 2007, also provides guidance on how to comply with the laws and regulations, how to design and implement controls and provides recommendations forgood practice:

JMLSG Guidance: Prevention of Money Laundering/Combating Terrorist Financing

Home Office Circular - The confidentiality and sensitivity of SARs and the identity of those who make them

Important issues for reporters of SARs to consider in relation to confidentiality and sensitivity of information reported to the Serious Organised Crime Agency (SOCA).

Home Offfice circular

FATF Guidance - Updated Guidance

The revised FATF recommendations now fully integrate counter-terrorist financing measures with anti-money laundering controls, introduce new measures to counter the financing of the proliferation of weapons of mass destruction, and they will better address the laundering of the proceeds of corruption and tax crimes. They also strengthen the requirements for higher risk situations and allow countries to take a more targeted risk approach.

FATF Guidance