CIOT Supervisory risk assessment
Last Updated April 2022
The CIOT and ATT have worked with the wider Accountancy AML Supervisors’ Group (AASG) to produce updated AML risk guidance. This has been adopted by the CIOT and ATT as their Supervisory Risk Assessment guidance for use by members. This April 2022 document is available below.
This should assist firms as they deal with the written risk assessment of their practice and the risk assessment of individual clients.
HMRC have also provided information relating to Understanding risks and taking action for Trust or Company Service Providers and members undertaking work of this nature may also find it helpful to refer to this document.