Navigating AML Responsibilities - An Advanced Guide for MLROs & MLCOs in the Accountancy Sector

Introduction

Designed for MLROs, MLCOs, and accountancy professionals, this webinar will explore the latest responsibilities under the Money Laundering Regulations 2017 (MLRs), highlighting regulatory priorities from leading accountancy bodies, and sharing insights from recent supervisory visits.

Expert speakers Colette Best and Ian Ko of Kingsley Napley will provide clarity on upcoming reforms, practical strategies for strengthening firmwide systems and controls, and proven approaches to managing risk and liability.

Through real-world case studies and best practice tips, this webinar will enable you to embed compliance into your firm’s culture and confidently navigate the challenges ahead.

What You Will Learn

This webinar will cover the following:

• Brief refresher on responsibilities of an MLRO/MLCO under the Money Laundering Regulations (MLRs) 2017
• Discussions on key responsibilities for MLROs:
• Receiving, assessing and submitting good quality SARs to NCA
• Maintaining firmwide AML systems and controls, including firmwide risk assessments, AML policies and procedures, client due diligence (CDD) matters
• Staff training regarding AML obligations, associated record keeping
• Practical considerations for MLROs
• Recent areas of focus for accountancy regulators
• Role of accountancy regulators (ICAEW, ACCA) in AML supervision
• Recent themes arising from AML visits by ICAEW and ACCA (to include, inter alia, findings from forthcoming ICAEW AML Supervision Report 2025)
• Potential consequences of non-compliance with the MLRs
• Liability risks - for the firm, personal liability for the MLRO
• Case studies of investigations/sanctions for breaches of the MLRs
• 2025/2026 changes to the AML regime
• Discussion regarding AML reforms relevant to accountancy industry, to take place late 2025/early 2026
• Tips on addressing key AML pitfalls for accountancy firms
• How to maintain effective firmwide AML systems and controls
• Engaging in internal audits under Regulation 21 MLRs where appropriate
• CDD arrangements and onboarding procedures inc. on-boarding non-natural clients, assessing risk, and conducting ongoing monitoring
• Embedding AML compliance in the firm’s ethos

This pre-recorded webinar will be available to view from Tuesday 24th February 2026

Alternatively, you can gain access to this webinar and 1,900+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.