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.
- Overview of the legal and regulatory requirements
- Guidance on the firm’s internal procedures
- Detailed guidance on customer due diligence including beneficial ownership, risk assessment and client identification procedures
- Guidance on the firmwide risk assessment and compliance management
- The role of the MLRO
- Training requirements
- Internal and external reporting procedures (including suspicious activity reporting)
- Tipping off
- An annual money laundering compliance review checklist
- Example policies and procedures, checklists and other specimen forms and letters
- And more
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* | £145.00 |
| Number of principals within the firm - 2-9* | £165.00 |
| Number of principals within the firm - 10-19* | £200.00 |
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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