Anti-money laundering monitoring results in £53m in fines

The latest Treasury figures on compliance with anti-money laundering rules shows that the total fines issued for breaching the rules was £53.2m in 2019/20, including penalties for professional service firms…
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Accountants are anti money laundering ‘gatekeepers’, says ICAEW

The current anti money laundering (AML) regime’s main objectives fail to capture the important role the accountancy sector plays in acting as a ‘gatekeeper’ to the financial system and preventing…
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