The Board has completed its review of the Rules and Recommendations. The new Rules are a combination of IFAC’s Ethics Rules and ACCA’s Ethics Rules. Registrants are requested to review the new Rules and submit comments and feedback to the Registrar by December 15, 2016.
The Rules become effective from January 1, 2017.
On September 8, 2016 the Minister of National Security, the Hon. Robert Montague, MP, issued a Certificate indicating that the Anti-Money Laundering (AML) Guidance Notes for the Public Accountancy Board are in congruence to the Proceeds of Crime Act and embodies effective measures that Registrants should follow to prevent and detect Money Laundering.
This Guidance on the Risk-Based Approach to combating Money Laundering and Terrorist Financing was developed by the FATF in close consultation with representatives of the trust and company service providers industries.