Money Laundering Compliance Manual
The essential guide to complying with the 2017 Money Laundering Regulations (as amended)
Our Money Laundering Compliance Manual provides you with all of the guidance and supporting documentation needed to help you comply with the regulations, establish and maintain anti-money laundering procedures within your firm.
Written specifically for the accountancy profession, the manual interprets the legislation and guidance in this area into practical action points and includes:
- Anti-money laundering policies and procedures for your firm.
- Risk assessments including the firmwide risk assessment in respect of money laundering, terrorist financing and proliferation financing and also incorporating the risk assessments required by the Criminal Finance and Bribery Acts.
- A range of compliance checklists and ready-to-use templates.
An overview of the anti-money laundering regime including:
- Definition of money laundering
- Money laundering offences
- An overview of obligations
- Sanctions
Firmwide obligations including:
- Management responsibilities
- Procedures
- Training
- Record keeping
- Firm-wide risk assessment
Client due diligence (CDD) including:
- Understanding your client
- Risk assessment
- Verification
Reporting including:
- Suspicious activity reporting (SAR) requirements
- Tipping off
- Defence against money laundering (DAML)
Ready-to-use templates and forms
A suite of ready-to-use anti-money laundering templates and forms to help you implement the required procedures and comply with the regulations:
- Firm-wide risk assessment form
- AML policies and procedures (including prevention of Bribery and Tax evasion)
- Annual confirmation of anti-money laundering awareness
- AML training and communication register
- Newsletters for new and existing staff
- Know your client checklist (individual)
- Know your client checklist (entity)
- AML risk assessment (individual)
- AML risk assessment (entity)
- Verification form (individuals)
- Verification form (companies)
- Verification form (charities and places of worship)
- Verification form (clubs and societies)
- Verification form (pension schemes)
- Verification form (trusts)
- Verification form (professional firms)
- Verification form (partnerships and sole traders)
- Verification form (FCA authorised firms)
- Verification form (government departments, local authorities)
- Verification form (probate or administration)
- Verification form (LLPs)
- Annual review for changes form
- Assignment commencement checklist
- Assignment finalisation checklist
- Internal suspicious activity report (SAR)
- Internal acknowledgement of suspicious activity report (SAR) receipt
- Internal suspicious activity report (SAR) register
October 2024
The principal technical changes in this update include:
- Updates to reflect the revised Accountancy AML Supervisors Group (AASG) Risk Outlook.
- Changes to the list of high-risk third countries.
- Additional guidance on meaningful completion of the CDD forms.
- Restructuring, to aid navigation around the manual.
January 2024
This update principally incorporates:
- Changes to reflect the latest version of the CCAB Anti-Money Laundering Guidance for the Accountancy Sector (AMLGAS) issued in June 2023;
- Updates to reflect changes to the discrepancy reporting regime and the economic crime levy now being in force;
- Changes in the sanctions regime; and
- Other minor updates to AML guidance and regulation.
September 2022
The principal technical changes in this update relate to:
- The issue of the updated Anti-Money Laundering and counterterrorist financing Guidance for the Accounting Sector (AMLGAS) issued by the CCAB (Consultative Committee of Accountancy Bodies) in May 2022.
- Changes to the Money Laundering Regulations in respect of:
- A requirement to check and report discrepancies on the PSC register for existing clients.
- Implementation of the requirement to similarly check the trust register maintained by HMRC.
- A new requirement to check the register of overseas entities that applies to overseas entities with an interest in UK property.
- Updates to the list of high risk third countries.
- The inclusion of proliferation financing as part of the AML regime including a new requirement for firms to consider the risk that clients may be involved in proliferation financing.
- New guidance on the risks arising from a breach of sanctions and, in particular, the risks arising from the provision of accounting services to those connected with Russia.
- Issue of an updated Risk Outlook by the Accountancy AML Supervisors Group (AASG) in April 2022.
| Annual subscription fee | |
| Number of principals within the firm - 1* | £155.00 |
| Number of principals within the firm - 2-9* | £180.00 |
| Number of principals within the firm - 10-19* | £220.00 |
For 20 or more principals please contact us at sales@mercia-group.com or call on 033 0058 7141.
*Prices exclude VAT. Mercia Members receive a 10% discount.
All prices are subject to VAT. Prices are subject to change on 1 July.
Mercia online manuals are updated regularly by our technical staff and you will be notified of any significant regulatory changes by email.
Your subscription will automatically auto-renew on anniversary date, you will be notified by email before your subscription expires and offered the option to opt out of auto-renewal.
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