In August we contacted everyone who has purchased the ACCA Engagement Letter suite with amendments to incorporate Money Laundering Regulation changes. The changes were to the:
terms and conditions
letter to prospective client and timetable
anti-money laundering policy.
Our email highlighted that the terms and conditions change can be shared with clients as part of a full set of revised terms or in an email informing clients of the change.
The terms and conditions change inserts new wording, replacing the paragraphs on Money Laundering Regulations 2007 with the Money Laundering Regulations 2017 paragraphs. These will be further updated to reflect further final changes to the current CCAB draft guidance and any changes to ACCA rules.
The Engagement Letters also contain a number of proforma client policies that practitioners can amend.
ACCA will email future engagement letter changes to users and will publish notifications online, in AB magazine and here in In Practice when changes occur to documents in the suite.