CIOT Supervisory risk assessment

9 Apr 2021

The CIOT and ATT have worked with the wider Accountancy AML Supervisors’ Group (AASG) to produce updated AML risk guidance. This has been adopted by the CIOT and ATT as their Supervisory Risk Assessment guidance for use by members. This 2021 document is available below. 

This should assist firms as they deal with the written risk assessment of their practice and the risk assessment of individual clients. 

HMRC have also provided information relating to Understanding risks and taking action for Trust or Company Service Providers and members undertaking work of this nature may also find it helpful to refer to this document.

Downloads

Risk outlook - circumstances where there might be high risk of money laundering or terrorist financing in the accountancy sector 2021 

HMRC guidance - Understanding risks and taking action for Trust or Company Service Providers