Advice on anti-money laundering requirements
A firm wanted a review of their anti-money laundering procedures and assistance with the preparation of their Firm-Wide Risk Assessment, a requirement for all accountancy firms.
We reviewed the existing procedures and suggested improvements to ensure that the Money Laundering Regulations and CCAB Guidance were fully adhered to, as well as providing a proportionate approach to the requirements.
We also advised on how the Firm-Wide Risk Assessment should be structured, what it should include and how it should impact upon the policies and procedures.
The Fifth Money Laundering Directive #5MLD
12th January, 2020
The EU's 5th Money Laundering Directive took effect on 10 January 2020. It has resulted in amendments to the 2017...