AIA operates a range of sanctions imposed on members relating to the seriousness of misconduct, the level and history of non-compliance and the risk posed to the interests of the public and the integrity of AIA’s reputation. The AIA Sanctions Handbook is used by AIA disciplinary committees for all complaints and non-compliance referrals they consider; AIA operates an effective and proportionate enforcement policy, applied in a fair and consistent manner.
A record number of people have graduated from the AIA Diploma programmes this year with the qualification fast becoming the first choice for aspiring accountants and business experts in Greece.
AIA has a long history of providing high quality and in-demand qualifications which are relevant to a fast paced, ever changing finance profession. Designed to meet the needs of a dynamic European financial sector, the AIA diploma equips graduates with the skills and practical knowledge to distinguish them from peers and professional rivals and are highly sought after by employers.
The Duke of Sussex in his role as Commonwealth Youth Ambassador presented the newly launched innovators in international development awards at a garden party attended by AIA to celebrate the Commonwealth’s 70th anniversary.
As a Commonwealth Accredited Organisation AIA recognise the importance of the newly launched innovators in international development awards which build upon the Commonwealth’s existing principles of promoting democracy and good governance, human rights and the rule of law, gender equality and sustainable economic and social development.
The new website for the Registry of Beneficial Ownership has now launched.
The RBO is the central repository of statutory information required to be held by relevant entities in respect of the natural persons who are their beneficial owners/controllers, including details of the beneficial interests held by them.
The new AIA Regulatory Oversight Committee is charged with ensuring that the AIA maintains its compliance with the Money Laundering Regulations 2017 and adding a level of oversight and scrutiny in line with best practice. The Committee will report directly to Council, taking responsibility for the appropriateness of the framework for AIA’s internal regulation of Members in Practice.
Updated Member Guidance
Updated guidance is made available for AIA members supervised for AML to ensure their compliance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR2017).
The Compliance Checklist should be read in conjunction with the MLR2017, additional guidance issued by AIA and other regulatory authorities.
AIA has also provided guidance for use when explaining the importance of client due diligence with clients on establishing a business relationship.