HM Treasury has approved the updated AML Guidance for the accountancy sector (AMLGAS). Most practitioners will be familiar with this version as the latest draft has been available on our website since September 2020.
This guidance is based on the law and regulations as of 13 July 2021. It replaces the draft guidance published September 2020. Please note that while most requirements remain, some requirements of the regulations relating to EU lists no longer apply since the UK has left the EU. There are explanatory notes to accompany the updated AMLGAS available below. HM Treasury has also approved the Supplementary Guidance documents for Tax Advisors and Insolvency Practitioners. Again both Supplementary Guidance documents have been available on our website for some time awaiting HM Treasury approval.