Money Laundering Regulations

AIA has supervisory status for its members in the Money Laundering Regulations 2007. The aim of the Money Laundering Regulations is to have the most appropriate and proportionate measures to deter, detect and disrupt money laundering and the financing of terrorism.

The Regulations apply to all practising accountants and, persons and firms providing ‘accountancy services.’ AIA has been listed in the regulations as an approved regulatory body able to supervise its own members. Those offering accountancy related services and who are not members of those listed bodies must pay to be regulated by HM Revenue & Customs and those that do not will be breaking the law.

Guidance

AIA supports and asks all practising members to view and review the CCAB Anti Money Laundering Guidance, which has received HM Treasury approval.

Further information regarding the Money Laundering Regulations 2007 can be obtained from HM Treasury.