Publication

22 June 2018

Preventing money laundering and terrorist financing Clarifying EU rules for SME accountants

Obligations regarding anti-money laundering (AML) and countering the financing of terrorism (CFT) apply to external auditors, accountants and tax advisors when they carry out their professional activities. In other words, these rules impact on every aspect of your professional practice.

In June 2018, the EU updated its AML/CFT rules to improve its response to financial crime. This paper aims to provide a brief overview of the main AML/CFT rules at the EU level that apply to SME accountants.

You can find more about the main legislative changes between the Fourth and Fifth Anti-Money Laundering Directive in our information paper (see link below).

Related content

PublicationThe 5th Anti-Money Laundering Directive

22 June 2018

NewsEC Review of the Third AML Directive – proposed Fourth AML Directive

29 March 2014

UpdateSME Update

13 January 2021

Consultation responseEC’s Supra National Risk Assessment (SNRA) report

16 December 2020

NewsSupporting SMEs’ access to COVID support funding via professional advice

4 December 2020

UpdateSME Update

3 December 2020

PublicationBrexit, VAT and customs duty – prepare now

30 November 2020

EventSmall in size, big in impact: Can NFI work for SMEs?

19 November 2020

UpdateSME Update

30 October 2020

Podcast SMEs: What’s next?

16 October 2020

Podcast Accountants & the fight against financial crime (Part 2)

2 October 2020

UpdateSME Update

24 September 2020

NewsEUIPO and Accountancy Europe join to support SMEs

24 September 2020

Podcast The EU & the fight against financial crime (Part 1)

18 September 2020

Consultation responseEC’s consultation on the VAT scheme for travel agents

2 September 2020

Blog4 steps to a sustainable recovery from COVID-19

6 August 2020

Consultation responseEC’s consultation on AML action plan

16 July 2020

Consultation responseEC’s consultation on the renewed sustainable finance strategy

15 July 2020

PublicationSME risk management: sustainability

15 July 2020

UpdateSME Update

3 July 2020

NewsEquity: the key to unlocking a sustainable economic recovery

2 July 2020

In the mediaQuandary over future European supervisor, stakeholders give their opinions

25 June 2020

Sign up for our newsletter

* indicates required
Would you like to subscribe to our newsletter?
On which topics would you like to receive news?