Tackling
Economic Crime

Economic Crime Manifesto

CCAB launched its first Economic Crime Manifesto in 2016. Directed at Government, it highlights four key public policy areas for improvement of the effectiveness and capabilities of anti-money laundering (AML) in the UK.

CCAB believes that professionally trained and qualified accountants are part of the solution to tackling Economic Crime with a commitment to report any identified or suspected money laundering activity to the Financial Intelligence Unit within the National Crime Agency.

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

Research project – the costs and benefits of client due diligence for Anti-Money Laundering

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.

Anti-Money Laundering and Counter-Terrorist Financing Guidance for the Accountancy Sector 2020

This is draft guidance pending approval from HM Treasury, published in September 2020.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.

Phishing and Insider Fraud

The practice of Fishing is the removal of a creature from its habitat which does not wish to be removed. The practice of Phishing is the removal of information from an individual who does not wish to provide the information which has been removed.

Anti-Money Laundering Guidance for the Accountancy Sector 2018

Anti-Money Laundering Guidance for the Accountancy Sector New guidance for all entities providing audit, accountancy, tax advisory, insolvency or related services, such as trust and company […]

Members of the Economic Crime Panel

Angela Foyle

Angela Foyle
Chairman + BDO

Bill Cleghorn

Bill Cleghorn
Aver Chartered Accountants

Sophie Wales

Sophie Wales
ICAEW

Peter Keenan-Gavaghan

Peter Keenan-Gavaghan
Barclays

Aidan Lambe

Aidan Lambe
Chartered Accountants Ireland

Marc McAuley

Marc McAuley
CIPFA

Jason Piper

Jason Piper
ACCA

Wesley Walsh

Wesley Walsh
ACCA

Jeremy Clarke

Jeremy Clarke
ICAS

Omid-Tissier

Omid Tissier
Secretary  ICAEW