Whistleblowing

If you think a firm appears to be ignoring the Money Laundering Regulations 2017, you can contact the IFA confidentially. If information is provided to us on a confidential basis, we will take the appropriate steps to protect your identity.

Reporting

Firms supervised by the IFA

If you come across an accountancy firm or trust and company service provider, that is supervised by the IFA and appears to be ignoring the Money Laundering Regulations 2017 regulations, you can report this to us in confidence. If information is provided to us on a confidential basis, we will take the appropriate steps to protect your identity.

To assist us with your concern please complete the IFA’s complaints form and provide as much information as possible, together with any documentary information.

Please send the completed complaints form and supporting information to:

Lisa McNeela at Lisam@ifa.org.uk

OR

Disciplinary Case Manager
Institute of Financial Accountants
CS111, Clerkenwell Workshops
27-31 Clerkenwell Close
London EC1R 0AT

Further information on our complaints process is available on making a compliant.

Alternatively, if you know or suspect that an IFA member, student, affiliate or member firm (or their employee(s)) is involved in dishonest or serious misconduct or are unsure about whether you should raise a concern, you may want to contact the IFA by email whistle@ifa.org.uk  or phone +44 (0)20 3567 5999  to report your concerns.

How we will use the information
Depending on the information you have provided, we may take different types of action in the future, including:

  • keeping the information for future use;
  • using the information to supervise a firm more closely; or
  • using the information as part of a formal investigation and disciplinary process of a particular firm.

How will we keep you informed?
We will write to you to confirm receipt of your information within five working days of receipt  and may continue to write to you throughout the process.

Firms not supervised by the IFA

If you come across an accountancy firm or trust and company service provider, that does not appear to be supervised under the Money Laundering Regulations 2017 or appears to be ignoring the regulations and isn’t supervised by the IFA you can:

Sources of whistleblowing guidance