By AAT Comment Anti-money laundering Money mules and VAT fraud 20 Nov 2025 Latest SARs Reporter Booklet includes sanitised case studies for your review. The latest SARs Reporter Booklet has been published, and it contains two examples of sanitised case studies relating to money laundering via use of money mules and VAT fraud scheme. We strongly encourage you to review these cases and use them as part of your internal AML training. Ensure that you and your relevant employees keep your AML knowledge current and aligned with the sector-relevant knowledge. Do not forget to keep a written record of ongoing CPD in AML. Interested in becoming licensed? AAT’s produced a CPD Bitesize series to guide those interested in licensed membership on the requirements to obtain an AAT licence, the conditions of holding a licence, and maintaining compliance throughout the lifetime of licensed membership. Find out more Remember, money laundering is never a victimless crime. If you know, suspect or have reasonable grounds for knowing or suspecting that a person is engaged in money laundering or dealing in criminal property, you must submit a Suspicious Activity Report (SAR) via SAR portal to the UK Intelligence Finance Unit (UKFIU). Further guidance and support on risk management and other components of Money Laundering Regulations compliance is available on our AML webpage. You can also contact us on +44 (0)20 7367 1347 or via email [email protected]. Review the latest SARs Reporter Booklet now. Future of supervision On 21 October 2025, the Government confirmed that the AML supervision for accountancy, legal and Trust and Company Service Provider sectors will move to a single professional services supervisor (SPSS), specifically the Financial Conduct Authority. While this is a big shift, implementation is likely to take years. In the meantime, AAT will continue as the AML supervisor for our licensed members and carry out our normal responsibilities, including Practice Assurance Reviews and risk assessment activities. Therefore, our members must ensure full compliance with the MLR 2017. More on the consultation response can be found here. Further guidance and support on risk management and other components of Money Laundering Regulations compliance is available on our AML webpage. You can also contact us on +44 (0)20 7367 1347 or via email at [email protected]. Interested in becoming licensed? AAT’s produced a CPD Bitesize series to guide those interested in licensed membership on the requirements to obtain an AAT licence, the conditions of holding a licence, and maintaining compliance throughout the lifetime of licensed membership. Find out more AAT Comment offers news and opinion on the world of business and finance from the Association of Accounting Technicians.