AIA CALL FOR GATEWAYS TO ALLOW BILATERAL INTELLIGENCE SHARING

On the 13 June, AIA took part in the AML Supervisors’ Forum Intelligence roundtable meeting hosted by the Office for Professional Body Anti-Money Laundering Supervision (OPBAS) at the FCA along with other professional bodies, HMRC and the National Crime Agency (NCA) to call for different options to allow law enforcement and the NCA to share intelligence with supervisors.

The 2015 and 2017 National Risk Assessments suggest some accountants are actively involved in the money laundering process as ‘professional enablers’, which is disputed by supervisors as no evidence has been forthcoming.

During the roundtable meeting AIA were keen to explore gateways to allow bilateral intelligence sharing and strengthen the UK’s approach to combat money laundering and terrorist financing.