Industry
Art Market Participants
Industry
Legal Sector
Industry
Gambling Commission
Industry
Estate Agency
Industry
Accountancy Sector
Industry
High Value Dealer
Industry
Money Service Business
Industry
Trust or Company Service Provider
Industry
Financial Services
Industry
Cryptoasset Businesses
Guidance
General / Overarching
Blog
Proceeds of Crime
Anti-money laundering (AML) is an increasingly complex area of law and one that encompasses an ever-expanding range of sectors. Guidance is produced by government agencies, sector regulators and industry bodies on an ongoing basis. For anyone connected to those industries, being able to identify the current guidance is essential.
The KN AML Hub is designed to help you navigate this difficult and evolving landscape. Below, we have curated links to key external guidance, along with AML insights produced by KN’s AML experts, including content relevant to the Proceeds of Crime Act 2002 (POCA), the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 -- and much more.
The KN AML Hub is kept updated regularly on a monthly basis and is intended as a useful reference general resource on anti-money laundering. The contents of the AML Hub must not be relied on as legal or professional advice. If you would like legal advice or legal assistance from us, please contact one of the team members listed.
AML Hub: KN Analysis and Thought Leadership
KN podcasts
- Insights into Account Freezing Orders & Account Forfeiture Orders - Episode 1: Account Freezing Orders
- Insights into Account Freezing Orders & Account Forfeiture Orders - Episode 2: Account Forfeiture Orders
KN blogs and news
- The KN Proceeds of Crime Blog (Focused coverage and analysis of proceeds of crime issues)
- The KN Corporate Crime Blog (Wider coverage of corporate crime topics, including fraud, bribery and ESG)
- Louise Hodges appointed new Chair of City of London Law Society's Corporate Crime and Corruption Specialist Committee (5 June 2023)
- Kingsley Napley partner Alun Milford co-edits new edition of “Serious Fraud, Investigation & Trial” for LexisNexis (3 April 2023)
- Kingsley Napley contributes to significant Law Commission criminal justice reform project (9 November 2022)
- Anti-Money Laundering: Shining a Spotlight on Compliance (30 June 2022)
AML Hub: Guidance Documents
General / Overarching
- The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended 1 April 2023)
- HM Treasury: National risk assessment of money laundering and terrorist financing 2020
- FATF: Money laundering and terrorist financing risks
Art Market Participants
- BAMF: Anti-Money Laundering Guidelines (Treasury approved) (6 February 2023)
- HMRC: Art market participants guidance for money laundering supervision (16 February 2023)
- HMRC: Understanding money laundering risks and taking action for art market participants (28 June 2021)
- AMLD5 and the Art Market: Practical training for art market participants (Provided by Kingsley Napley and Creative United)
Legal Services
- Legal Sector Affinity Group Guidance, Part 1 (amended 28 March 2023)
- LSAG has also produced the following guidance, however these are not Treasury approved:
- Specific guidance for barristers and advocates, Part 2a (2021)
- Specific guidance for trust or company service provider, Part 2b (2021)
- Specific guidance for notaries, Part 2c (2021)
- BSB, Anti-Money Laundering and Counter Terrorist Financing Annual Report 2021/22
- CILEX Anti-Money Laundering Guidance
Gambling Commission
- Gambling Commission AML Hub
- The prevention of money laundering and combating the financing of terrorism, Guidance for remote and non-remote casinos fifth edition (Revision 3) (Treasury Approved) (30 May 2023)
- Guidance on the Economic Crime Levy (30 March 2023)
- License conditions and codes of practice (12 September 2022)
- Further guidance from the Commission regarding Russian Sanctions (4 April 2022)
Estate Agency
- HMRC: Estate and letting agency business guidance for money laundering supervision (27 July 2022)
- Money laundering: Understanding risks and taking action for estate agency and letting businesses (16 December 2022)
Accountancy Sector
- HMRC: Accountancy sector guidance for money laundering supervision (Treasury Approved) (1 July 2022)
- HMRC: Understanding risks and taking action for accountancy service providers (17 February 2021)
- CCAB: Anti-Money Laundering and Counter-Terrorist Financing Guidance for the Accountancy Sector 2022 (17 May 2022 – Including links to explanatory notes, supplementary guidance for tax practitioners, and guidance for insolvency practitioners)
High value dealer
- HMRC: Money laundering supervision for high value dealers (10 August 2022)
- HMRC: High value dealer guidance for money laundering supervision (21 October 2022)
- Understanding risks and taking action for high value dealers (3 February 2021)
Money service business
- HMRC: Money service business guidance for money laundering supervision (9 November 2022)
- Understanding risks and taking action for money service businesses (21 November 2022)
Trust or company Service provider
- HMRC: Trust or company service provider guidance for money laundering supervision (10 May 2023)
- Understanding risks and taking action for trust or company service providers (8 October 2021)
Financial Services
- FCA Financial Crime Guide (part of the FCA handbook)
- FCA: Money laundering and terrorist financing (overview page)
- FCA: Cash-based money laundering (24 April 2023)
- FCA: Money laundering regulations (21 February 2023)
- Joint Money Laundering Steering Group (JMLSG) guidance, Part I (Treasury Approved)
- FATF: Guidance for a risk-based approach in the banking sector (2014)
- HM Treasury money laundering consultation response and UK FATF report
Cryptoasset Businesses
- FCA: Cryptoassets: AML / CTF regime
- Joint Money Laundering Steering Group (JMLSG) guidance, Part II (Treasury Approved)
