ICAEW AML Annual Supervision Report 22/23 - 10 Ways to Help Ensure Compliance

Introduction

It’s here! The new ICAEW AML Annual Supervision Report for 2022/23!

In 2022/23, 1081 monitoring reviews were carried out by the ICAEW and 37% of these firms were categorised as high or high-medium risk of being used to enable money laundering.

What failings are they finding and how can firms improve?

The ICAEW have put together the top ten areas where we need to improve and in this virtual classroom seminar, we will take a look at them in more detail.

What You Will Learn

This live and interactive course will cover the following:

• An introduction to the ICAEW annual supervision report
• Facts and figures
• The top ten areas of non-compliance:
• Updating customer due diligence
• Risk assessing clients
• Customer due diligence on new clients
• Incomplete criminal record checks on BOOMs
• Review of policies, controls and procedures
• Reporting of discrepancies in the PSC register
• Firm wide risk assessments
• Training
• No written procedures
• No AML supervisor
• What does the CCAB guidance say for all in these areas
• What else has been highlighted by the report
• The future

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.