MARKETS & FX
FSA Drafts Anti-Money Laundering Guidelines for Accountants and Audit FirmsA · FULL TRANSLATION
# FSA# anti-money laundering# audit firms# FATF
Key Points
- FSA published draft AML/CFT guidelines for CPAs and audit firms
- Anti-money laundering duties extend beyond banks to the accounting profession
- FATF mutual evaluation pressure drives the regulatory patch
Analysis
The FSA published draft anti-money laundering, counter-terrorism financing and proliferation finance guidelines for certified public accountants and audit firms, now open for comment. AML obligations keep extending beyond banks - a patch driven by FATF mutual evaluation findings, meaning finer KYC scrutiny in audit fieldwork ahead.