CCAB releases revised MLR guidance

The Consultative Committee of Accountancy Bodies (CCAB) has issued revised
laundering guidance
for the accountancy sector in the lead up to the start
of the Money Laundering Regulations (MLRs) tomorrow.

CCAB has released the guidance in an effort to promote consistency in
compliance with the anti-money laundering requirements within the industry,
covering audit, accountancy, tax advisory or insolvency related services,
including bookkeepers and accountants who are not members of a recognised
professional body.

The regulations are still subject to changes, and CCAB said it would try to
bring any new changes to the attention of the accounting industry as soon as

Additional guidance for tax practitioners to be released for consultation
shortly will be available from the CIOT, ICAEW and CCAB and websites.

Further reading:

British Territories in trouble over annual reports

HMRC urges business to ready for MLRs

Related reading

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