AML update: early look at new guidance and reviewer insights

Event information

Join us for an early look at the upcoming AML changes and what they mean for your firm. Our quality assurance reviewers will also share examples of good practice from recent firm reviews.

What to expect

We walk through what the new Statutory Instrument, laid on 25 March, means for your firm and what to expect when it comes into force in late June/early July. We will also give you an early look at how the incoming changes will be reflected into the CCAB guidance.

Our quality assurance reviewers will also share real world examples of good practice drawn from reviews carried out across firms over the past 12 months.

About the speakers

Michelle Giddings, Head of AML and Operations, ICAEW Michelle Giddings is ICAEW’s Head of AML with operational responsibility for the AML supervision of ICAEW’s c.9,500 AML-supervised firms. She is co-Chair of the Accountancy AML Supervisors Group and was Chair of the AML Supervisors’ Forum in 2021. Michelle qualified as a Chartered Accountant in 2005, completing her training contract at a Big Four firm and working within audit for Professional Services firms. In 2009, Michelle joined ICAEW’s Quality Assurance Department as a Senior Manager, leading monitoring reviews to larger, higher-risk firms and managing a team of reviewers conducting monitoring reviews across the country.

Sandy Price, Quality Assurance Manager, ICAEW Sandy trained with Ernst & Young and qualified as a chartered accountant. She’s held operational roles in industry, including at the BBC, and spent time as a sole practitioner, gaining insight into the challenges faced by smaller firms. After 14 years as a QAD reviewer, she now works in ICAEW’s AML supervisory team, focusing on both compliance monitoring and supporting member firms with guidance.

CPD hours

ICAEW's Continuing Professional Development (CPD) Regulations require a minimum number of hours and an ethics requirement. Attending this event could contribute up to 1hr of verifiable CPD, providing you can demonstrate that the content is relevant to your role.

A copy of the event booking confirmation email is accepted as evidence of verifiable CPD. Click here to use ICAEW’s self-assessment tool to help you work out how much CPD you will need to fulfil each year.

Costs

There is no charge for this webinar.

ICAEW members and non-members are welcome to join. This event is organised by the Professional Standards Department.