6 - Members in employment

What responsibilities apply to members?

PRPG

What responsibilities fall under employer’s responsibility?

PII, AML and practice governance

What contains details procedures for compliance challenges?

CCAB’s AMLGAS

What are the recommended actions in compliance challenges?

Establish facts, raise concerns internally, consider reporting to MLRO, dissociate from misconduct, seek external guidance, consider alternative employment

What external guidance could you get for compliance challenges?

Public Concern at Work re whistleblowing under PIDA, legal advice from qualified solicitor

What must a member do to provide tax services outside primary employment?

Ensure compliance with relevant PII and AML, confirm their contract allows for external work.

Who do the PRPG apply to?

Employed members regardless of their employer’s membership status

What PRPG obligations must members in C&I comply with?

The Fundamental Principles

Obligations in Chapter 2: Requirement for PII does not apply, members in regulated sectors AML leg, members performing tax work meet PD

What financial acc arrangements at a non-regulated company in the UK would an employee be obligated to consider?

Whether SAO apply, complying with CPD

What should Members do when addressing situations contrary to prof standards or laws?

Refer to C&I specific guidance, they may contact Public Concern at Work under PIDA, seek advice from specialist lawyer

Members in non-regulated sectors are exempt from UK AML obligations - true or false?

True

What should Members do, who are being pressured to act against regs?

Refer to C&I guidance, seek external advice for whistleblowing under PIDA, consult a specialist lawyer