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).
More information can be found at Individual regimes (HM Treasury).
Members in practice are required to keep HMRC up to date on any changes and business activities. Further information can be obtained here.