Anonymised Anti-Money Laundering (AML) case studies, to assist members in reviewing AML policies and procedures, are available on our enforcement notices page – click here.

New guidance on Defence Against Money Laundering Requests

The IPA, along with the other Insolvency Recognised Professional Bodies (RPBs) and R3, has agreed new guidance with the National Crime Agency (NCA) where an urgent Defence Against Money Laundering (DAML) request is required.

The guidance is on the IPA website’s AML Hub, and a copy can be found here.

Please note that this guidance must only be used where there is a genuine urgency in the request for a DAML. This would be on an urgent appointment (for example a bank where they consider there is some fraud or a HMRC appointment with a suspicion of tax fraud) or where urgent payments are required to be made on appointment to enable trading to continue but there is a suspicion that there is criminal property identified or suspected.