Anti-money laundering
Find out what your responsibilities are under the money laundering regulations
Anti-money laundering (AML) is an important and ever changing area for CIPFA members in practice to keep up-to-date with. Although the CIPFA Practice Assurance Scheme closed with effect from 31 December 2014, members in practice ought to be aware of the requirements of the AML regulations that have been issued. This is in addition to the requirement to register with a Money Laundering Supervisor, which for most members in practice will be HMRC.
To help guide you, we've put together a collection of webpages setting out your responsibilities under the Money Laundering Regulations and information about submitting Suspicious Activity Reports (SARs).
Register or renew your money laundering supervision with HMRC on the gov.uk website.
Members in the Republic of Ireland can find further information on Anti-Money Laundering and Countering the Financing of Terrorism Guidelines for the Financial Sector in the Republic of Ireland here.
Members in practice are required to keep HMRC up to date on any changes and business activities. Further information here.