Paul Smith, CEO
IPA Insolvency Practitioner newsletter, January 2022
Contents
- Kevin Hellard, President
- Licence-holder reminder: Risk-based monitoring
- Anti-Money Laundering: Discrepancies in Persons with Significant Control
- Updates to the dedicated Anti-Money Laundering section of the IPA website
- Failing to file a HR1 form (even if inadvertent) could result in criminal prosecution for administrators
- HMRC updates
- Consultations
- Make AML compliance simpler, claim special Annual Conference rates, and important dates for your diary
- Anti-Money Laundering training reminder
- Change of IPA address
- Case law update
Hello to all and I hope your year is off to a good start. With the release of the single insolvency regulator consultation before Christmas, members can expect communication very soon on how we intend to engage with you on the consultation and on the future of insolvency regulation.
The IPA will naturally have much to say on the proposals, and we will be driving for the best possible outcome for the profession. We are in close dialogue with the Insolvency Service on the proposals, and are pleased that the Government has listened to our calls for the regulation of firms, something which we have been advocating for several years.
As well as the consultation activity, our work in all other areas continues as normal and I look forward to a productive year. In this month’s issue, key items include a note on reporting company changes to Companies House in the course of AML checks; a reminder on the IPA’s risk-based monitoring regime; HMRC updates; as well as information on the refreshed AML section of the IPA website, designed as an easy-to-navigate and comprehensive resource for AML compliance. We hope you will find the latter a useful reference point going forward.
On the member engagement and events side, there is much planned, and you can read more in Kevin Hellard’s article this month.
With best wishes for a safe and prosperous year ahead.
Paul