While other sectors of the UK economy have faced scrutiny regarding anti-money laundering implementation, the insolvency sector remains largely overlooked. The University of Leeds sees this free conference is an important first step in addressing this gap and providing valuable insights into this unexplored area.
Money laundering costs the UK economy £100 billion annually (NCA 2019), infiltrating key sectors and prompting economic disruption and social inequalities. Insolvency practitioners, as regulated entities under the UK anti-money laundering regime, play a critical role in combating this crime and ICAEW provides robust AML supervision through a risk-based approach. The 2020 National Risk Assessment identified insolvency as a target of money launderers, and in February 2024, the UK Government established an AML Intelligence Cell within the Insolvency Service.
Through bringing together practitioners and experts in the field, the conference is seeking to generate societal impact through the collaborative work of a network of academic researchers, practitioners, professional associations, and policymakers to inform future AML policy and legislative approaches in insolvency proceedings. Attendance is free and delegates can choose to attend in person or virtually. Speakers include Sandy Price and Victoria Alexandrou from ICAEW’s Quality Assurance Department.
