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Accounting Sector Compliance
Accountancy firms face mounting regulatory pressure across AML supervision, professional ethics, and tax evasion facilitation — non-compliance risks fines, loss of practising certificate, and criminal liability. This course gives accounting professionals the practical knowledge to meet their obligations under MLR 2017, the Criminal Finances Act 2017, and the ICAEW/IESBA Code of Ethics.
3 modules, 9 lessons~40 minutes80% pass mark36 flipcards, 9 scenarios
CPD Aligned
This course provides general compliance education for UK accountancy professionals and does not constitute legal or regulatory advice. Firms should consult their professional body guidance and seek legal advice for specific compliance questions.
What you will learn
- Understand accountancy firms' obligations as a supervised sector under the Money Laundering Regulations 2017 and CCAB AML guidance
- Apply the five fundamental principles of the ICAEW/IESBA Code of Ethics to real practice situations
- Identify and manage conflicts of interest and threats to independence before accepting or continuing engagements
- Conduct effective client due diligence and recognise when enhanced due diligence is required
- Know when and how to make a Suspicious Activity Report and understand the role of the MLRO/Nominated Officer
- Identify the reasonable prevention procedures required under the Criminal Finances Act 2017 to avoid liability for facilitating tax evasion
Who is this for?
Accountants, auditors, practice managers, and compliance officers at ICAEW, ACCA, or AAT regulated firms in the UK
Course details
Duration~40 min
Modules3
Lessons9
Pass mark80%
CertificateYes
CPD Hours0.7
Jurisdiction
England and Wales — Money Laundering Regulations 2017 (SI 2017/692), Criminal Finances Act 2017, Proceeds of Crime Act 2002, ICAEW/IESBA Code of Ethics
Course Modules
1
AML Obligations and the Accountancy Sector
~13 minAML Supervision: Why Accountancy Firms Are in Scope
AudioVisualFlipcardsScenario
Client Due Diligence: Know Your Client in Practice
AudioVisualFlipcardsScenario
Suspicious Activity Reporting and the MLRO's Role
AudioVisualFlipcardsScenario
Assessment - 5 questions
2
Professional Ethics and Independence
~13 minThe ICAEW/IESBA Code: Five Fundamental Principles
AudioVisualFlipcardsScenario
Conflicts of Interest: Identifying and Managing Threats
AudioVisualFlipcardsScenario
Objectivity and Independence: Safeguards in Practice
AudioVisualFlipcardsScenario
Assessment - 5 questions
3
Tax Evasion Facilitation and Emerging Risks
~13 minThe Criminal Finances Act 2017: Corporate Criminal Liability Explained
AudioVisualFlipcardsScenario
Reasonable Prevention Procedures: Building Your Defence
AudioVisualFlipcardsScenario
Red Flags in Practice: Spotting Tax Evasion Facilitation Risk
AudioVisualFlipcardsScenario
Assessment - 5 questions
Total Questions
15
Pass Mark
80%
Audio
9/9
Certificate
Yes
v1.0.0 | Updated 2026-07-02 | Sources verified 2026-07-02
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