AML 2021/22 Annual Report and 2022/23 Sector Risk Assessment
IPA Insolvency Practitioner newsletter, November 2022
- Paul Smith, CEO
- Samantha Keen, President
- Ongoing monitoring and review of a business relationship – Reg 28(11) Money Laundering Regulations 2017
- HMRC update
- Lay members required for the IPA’s Anti-Money Laundering Committee, Disciplinary & Appeals Committee and Regulation & Conduct Committee
- IPA Roadshow roundup
- IPA Learning | Corporate Insolvency Review 2022 (CPD: 1.5h)
- Don’t miss the 14th Personal Insolvency Conference (CPD: 6h)
- IPA Awards: Nominees announced!
- Exclusive discounts on training from the IPA and our partners – make savings on essential CPD
- Membership and licence renewals
- NEW member benefit: Discounted meeting facilities from Office Space in Town (member login required to view)
- Save money on your airport parking with APH! (Member login required to view)
- Need new IT products? Claim exclusive IPA membership offers from Dell
- CPI training with BPP – special offer for IPA members (member login required to view)
- IPA exclusive industry update from Insolvency Insider
- Kentish publisher’s archive saved for local history
With the mounting incidence of fraud in the financial sector, such as Covid financial support fraud, as well as the increase and impact of financial sanctions, there are new AML threats for members to bring into focus in the course of your work. The IPA has recently published its 2021/22 AML Annual Report, which is essential reading for members, containing current AML information and guidance as well as insights on our supervisory activity. Access the report here.
The report also contains a link to the IPA’s 2022/23 Sectoral Risk Assessment. This along with the CCAB guidance with the CCAB Insolvency Appendix, and other relevant publications that highlight the risks of operating in any specific sector in which insolvency appointments are taken, should be used to assist in reviewing and updating your firm’s Regulation 18 risk assessment.