Anti-Money Laundering (AML)
In the UK ACCA is a Professional Body Supervisor (PBS) for money laundering as detailed in schedule 1 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs 2017).
In Ireland ACCA is a Prescribed Accountancy Body (PAB) under the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2010 to 2021.
ACCA automatically supervises firms for AML as long as there is one or more ACCA member holding an ACCA practising certificate with a combined majority control over the firm. ACCA supervises sole practitioners who hold an ACCA practising certificate.