ICAEW AML Annual Supervision Report 2023-24 - Areas of Concern Uncovered

Introduction

As Autumn approaches, we turn our attention to the release of the ICAEW AML Annual Supervision Report for 2023-24.

This report is always full of really useful information that we can take away to improve our practice.

It also gives us all the facts, figures and findings from the visits and audits that the ICAEW has undertaken in the past year.

Taking the top 10 areas of concern from last year’s report, what improvements have been made?

Are there areas which still need improving? Are there new areas of concern? Are there parts of your practice that need updating or refreshing in relation to the findings? Are you prepared for a visit should you get one?

This new virtual classroom seminar will help you to identify areas of concern that you can improve on should you be visited by the ICAEW.

This session is suitable for MLROs, MLCPs, deputy MLROs, compliance team members and anyone else in your firm seeking to improve their knowledge in AML.

What You Will Learn

This live and interactive session will cover the following:

• A brief introduction to the annual report
• Facts, figures and findings:
• How many accountancy firms were reviewed
• How many accountancy firms were fully compliant
• What are the key areas of non-compliance
• Where can we improve
• What the ICAEW expect to see next year
• Summary

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.