ICAEW AML Annual Supervision Report 2024-25 - Areas of Concern Uncovered

Introduction

The ICAEW Annual AML Supervision Report 24/25 is hot off the press full of facts, figures and findings.

Full of interesting reading, it looks at the ICAEW and the results of quality assurance monitoring looking at some of the areas where the most common issues arise - customer due diligence (CDD), identifying the client, assessing risk, verification and ongoing monitoring. Other areas which were looked at include the firm-wide risk assessment and other documentation.

Containing lots of advice on where we can improve our practice, it is a must read!

So, where can we still improve? Where are the new areas of concern? Where can you make small adjustments to ensure you are compliant? Are you prepared for a visit should you get one?

This session is suitable for MLROs, MLCPs, deputy MLROs, compliance team members and anyone else in your firm seeking to improve their knowledge in AML.

What You Will Learn

This live and interactive session will cover the following:

• A brief introduction to the annual report
• Facts, figures and findings:
• How many accountancy firms were reviewed
• How many accountancy firms were fully compliant
• What are the key areas of non-compliance
• The reporting of SARs
• What's new for 2026

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.