News
IFAC and ICAEW Release Third Installment of Six-Part Anti-Money Laundering Educational Series
23-Dec-2020
NEW YORK - Together with the Institute of Chartered Accountants in England and Wales (ICAEW), the International Federation of Accountants (IFAC) released the third installment in its Anti-Money Laundering: The Basics educational series: Installment 3: Company Formation.
The publication is part of a 6-month short series helping accountants enhance their understanding of how money laundering works, the risks they face, and what they can do to mitigate these risks and make a positive contribution to the public interest. Installment (3) examines company formation, one of the services performed by professional accountants that is most susceptible to money laundering risk.
Anti-Money Laundering: The Basics is featured on both the IFAC and ICAEW websites and available for download for free. With Installment (3), IFAC is featuring the series on a new landing page alongside other relevant information on anti-money laundering (AML).
To be globally relevant, the Anti-Money Laundering: The Basics series uses the risk-based approach of the Financial Action Task Force (FATF) – the global money laundering and terrorist financing watchdog -- as a starting point.
IFAC Launches Series Web Page Featuring All Installments, Additional Relevant Resources
Source: www.ifac.org