CCAB issues draft guidance on new money laundering regulations, its first public statement in over a year
Accountancy Age, 18 Oct 2007
The British and Irish accounting institutes have issued draft guidance on new money laundering legislation.
The Consultative Committee of Accountancy Bodies published its exposure draft on money laundering in advance of legislation that comes into effect from 15 December.
Karen Silcock, who led the draft guidance, said that although the changes would not greatly affect those already following laundering rules, she would urge them to review the draft and send in any comments by 12 November.
The joint guidance is the first public statement to come out of the CCAB since August 2006, when the institutes issued guidance on 'work in progress' accounting rules. However, the body made a 'non-confidential' response to the Audit Quality Forum's 'Promoting Audit Quality' consultation in March.
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