Economic Crime Manifesto
We continue our work in this area with our second Economic Crime Manifesto (2021) by urging government to lead by example to fight money laundering.
In our Manifesto, we highlight areas of change to improve the effectiveness and capabilities of the fight against Economic Crime in the UK.
CCAB believes that professionally trained and qualified accountants are part of the solution to tackling Economic Crime.
In all of this, CCAB, and its bodies, are cognisant of the terrible but often-unreported harm done to the health, relationships, professional standing, family life and financial prospects of victims and innocent by-standers. The professional accountancy bodies and their members have a vital role in combatting this type of crime.
Guidance and Resources
CCAB guidance on Defence Against Money Laundering (‘DAML’) requests and their relevance to an Insolvency Practitioner.
The CCAB commissioned a third-party agency Populus (now Yonder) to conduct research into the views of CCAB body members on the client due diligence checks they are required to perform as part of their Anti-Money Laundering responsibilities.
This is draft guidance pending approval from HM Treasury, published in September 2020. This guidance is based on the law and regulations as of 10 January 2020.
Members of the Economic Crime Panel
Chairman + BDO
Aver Chartered Accountants
Chartered Accountants Ireland