When AML Supervision Applies to Your Practice
This is a guide for IAB members. Whether at the stage of setting up an accountancy or bookkeeping practice or as a reminder if already in [...]
What to Record in a Client Risk Assessment
You are required to understand the ownership and control structure of your client. You must identify and take reasonable measures to verify who the Beneficial Owners [...]
What IAB Needs for AML Supervision Approval
IAB will ask for: Initial Registration Details and the Supervision fee Criminal record check evidence for all BOOMs Proof of Professional Indemnity Insurance. Within 4 Weeks [...]
What AML Policy and Procedures Mean in Practice
This is a tool kit, use it to design and develop the AML Policy & Procedures you will need for your business to comply with the [...]
What Your AML Policy Must Cover
Your AML Policy sets out what you have decided your business needs to have in place to comply with the MLRs. It doesn’t need to be [...]
Sanctions, Proliferation Financing and Ongoing Monitoring
The UK imposes sanctions on a range of individuals, entities and jurisdictions. These include trade, sanctions, immigration and aircraft & shipping sanctions to support foreign policy [...]
Business Continuity Planning for Bookkeepers and Accountants
This IAB guide provides members an overview of what is meant by ‘Business Continuity’ how it may be important for your practice and some tips on [...]
What to Include in a Letter of Engagement
We are pleased to accept the instruction to act as your bookkeeper/accountant and we are writing to confirm the terms of our appointment. The purpose of [...]
What to Include in a Letter of Disengagement
Further to our/your letter of [insert date] I am writing to confirm [practice name]’s responsibilities in relation to your accountancy and taxation affairs following the termination [...]