ICAEW – AML responsibilities: take on procedures during Covid-19
As COVID-19 disrupts business activity, insolvency practitioners may have concerns over how this impacts their ability to comply with the money laundering regulations. In particular, normal take-on procedures may have to adapt to reflect more remote interactions with clients and others.
ICAEW’s Business Law Department has issued practical guidance which addresses compliance with anti-money laundering responsibilities during the pandemic. You can access the guidance here.