ACCA regularly conducts anti money laundering (AML) review of regulated practices. Watch our free webinar for top tips on preparing for a review.
ACCA is a supervisory authority under Schedule 3 to the Money Laundering Regulations 2017 (MLR17).
Whether you are in public practice or otherwise engaged in providing accountancy, or trust and company services, by law you have to be registered with either:
ACCA (which is a Professional Body Supervisor for AML)
or another professional supervisory body (if you are a dual member)
or with HMRC for the purposes of supervision of your anti-money laundering compliance.
ACCA’s AML supervisory team is responsible for conducting AML compliance reviews of our supervised firms. Reviews will be conducted either remotely as a desk based review or on-site. On site reviews typically last for one day but if a firm is large, two days may be required to fully conduct the review and assess all the required controls.