CCAB issues draft money laundering guidance
CCAB issues draft guidance on new money laundering regulations, its first public statement in over a year
The British and Irish accounting institutes have issued draft guidance on new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
Karen Silcock, who led the draft guidance, said that although the changes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.