Validis and The Institute of Certified Bookkeepers aid compliance with the Money Laundering Regulations 2007

Thursday, July 10th, 2008

Validis, the award-winning, web-based, automated accounts review solution, is pleased to announce a partnership with The Institute of Certified Bookkeepers (ICB) in order to support Institute members in complying with the new Money Laundering Regulations 2007, which came into force on 15th December 2007.

The ICB will provide its members with Validis allowing them to review and validate their accounting data automatically, against industry standard accounting rules. By managing and maintaining company accounts with Validis, ICB members can be more confident that their data is accurate and robust, assisting them in compliance with the Money Laundering Regulations. The ICB will use Validis as part of an effective means of monitoring its members and ensuring that the highest standards are upheld. Validis will also be integrated into the Institute's Continuing Professional Development (CPD) and examination programmes.

Garry Carter, Chief Executive of The Institute of Certified Bookkeepers said:

"With the ever increasing level of fiscal complexity and legislation, particularly around areas such as money laundering and the proceeds of crime, it is even more important that those reviewing accountants attain membership and accreditation from a professional body such as ours that can provide guidance and on-going support. This partnership with Validis ensures that we will provide our members with the tools to meet the challenges they face, as well as ensure that they continually achieve the very highest standards."

Chris Poll, CEO Validis, added:

"We are delighted to welcome The Institute of Certified Bookkeepers as a valued partner of Validis. We see The ICB as playing an important and ever increasing role in educating the next generation of bookkeeping professionals. The ICB has consistently striven to promote best practice and innovation within this ever changing industry and we see this partnership as an extension of this commitment. We are very proud indeed to be partnering with The ICB and look forward to working with them and their members to ensure they continue to be at the forefront of the profession".

About The Institute of Certified Bookkeepers:

The Institute of Certified Bookkeepers was established to provide a series of professional qualifications that reflects the needs of business and the aspirations of people wanting to enter the profession. It exists to represent bookkeepers at all levels and to promote the professionalism of bookkeepers to business, government and the general public. Members of the Institute provide accounting services to small and medium-sized enterprises and support the work of Chartered Accountants.

The Institute has more than 250,000 students and members spread across more than fifty countries, making it the largest bookkeeping institute in the world. HM Treasury appointed the Institute as a Supervisory Authority in 2007 under the Money Laundering Regulations. Under the regulations, all persons or firms offering accounting services are required to be registered with a supervisory authority.

For more information please visit www.icbglobal.org.

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