Money Laundering Compliance Manual

The essential guide to complying with the 2017 Money Laundering Regulations

Our Money Laundering Compliance Manual provides you with all of the guidance and supporting documentation needed to help you comply with the regulations, establish and maintain anti-money laundering procedures within your firm.

Written specifically for the accountancy profession, the manual interprets the legislation and guidance in this area into practical action points and includes:

• Anti-money laundering policies and procedures for your firm
• Risk assessments
• A range of compliance checklists and ready-to-use templates.

• Overview of the legal and regulatory requirements
• Guidance on the firm’s internal procedures
• Detailed guidance on customer due diligence including beneficial ownership, risk assessment and client identification procedures
• Guidance on the firm level risk assessment and compliance management
• The role of the MLRO
• Training requirements
• Internal and external reporting procedures (including suspicious activity reporting)
• Tipping off
• An annual money laundering compliance review checklist
• Example policies and procedures, checklists and other specimen forms and letters
• And more

April 2021
The April 2021 update to the Money Laundering Compliance manual addresses the following developments:

The manual on first release last year reflected the changes to the Money Laundering Regulations 2017 to implement the 5th Money Laundering Directive that applied from 10 January 2020. However, the release predated the issue of the draft updated CCAB guidance. All references to the CCAB guidance have now been amended to the updated draft 2020 version (which is still awaiting HM Treasury approval).
Further amendments were made to the Money Laundering Regulations 2017 during 2020, after the manual was released, and in early 2021. These are largely connected to Brexit and are mainly technical in nature. For example, changing references to the EEA, EU, EU institutions or EU Directives to UK equivalents.
There were also some significant changes in respect of the forthcoming trust registration scheme that are not yet in force. Further updates will be issued to reflect these changes once guidance has been issued by HMRC.
A further important amendment to the Money Laundering Regulations 2017 was made in March 2021 which added a list of high risk third countries that apply when determining the need to apply enhanced due diligence.
In December 2020 HM Treasury and the Home Office issued the National risk assessment of money laundering and terrorist financing 2020 and in January 2021 the Accountancy AML Supervisors' Group (AASG), which consists of all the AML supervisory bodies in the accountancy sector, issued a Risk Outlook for the accountancy sector in January 2021.

For subscribers to the MLRO Support Service the update also includes a new AML, Criminal Finances Act and Bribery Act key points refresher webinar which incorporates an updated assessment and a more detailed AML, Criminal Finances Act and Bribery Act update and refresher webinar.

Annual subscription fee
Number of principals within the firm - 1*	£155.00
Number of principals within the firm - 2-9*	£185.00
Number of principals within the firm - 10-19*	£230.00

For 20 or more principals please contact us at sales@mercia-group.com or call on 033 0058 7141.

*Prices exclude VAT. Mercia Members receive a 10% discount.

All prices are subject to VAT. Prices are subject to change on 1 July.

Mercia online manuals are updated regularly by our technical staff and you will be notified of any significant regulatory changes by email.

Your subscription will automatically auto-renew on anniversary date, you will be notified by email before your subscription expires and offered the option to opt out of auto-renewal.

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Money Laundering Compliance Manual

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