The CCAB have published final HM Treasury approved Anti-money Laundering Guidance for the Accountancy Sector.
This guidance must be taken into account by UK courts when deciding whether an offence has been committed under the 2017 Regulations or Section 330-331 of The Proceeds of Crime Act 2002 and is also likely to influence the judgement of relevant anti-money laundering supervisory authorities in assessing compliance with general ethical or regulatory requirements. For more on revisions made to the final guidance, click here.
The Mercia Money Laundering Compliance Manual has already been updated for the draft CCAB anti-money laundering guidance and will be updated for the changes made to the final version. Subscribers will automatically receive a copy of the updated manual as part of their subscription.