SARAS Issued an Order on Recognition as a Provider of Continuing Education Services and Agreement on the Program of the Continuing Education Training Course

On 20 March 2024, SARAS issued an Order on recognition of LLC Context Consulting (ID 402187307) as a provider of continuing education services and agreement on the program of the continuing education training course. 

The Rule approved by the Order № N-8 of the Head of SARAS dated 23 August 2023 on Receiving Continuing Education in the Field of Facilitating the Prevention of Money Laundering and the Financing of Terrorism establishes the requirements for receipt of continuing education by accountants providing professional services and accounting firms in the field of facilitating the prevention of money laundering and the financing of terrorism.

According to the Rule, in order to be recognized as a provider of continuing education services and to agree on a continuing education course/training, an interested person must apply to SARAS in writing or electronically every year from 01 January to 01 July.

According to the Rule, the obliged entity is required to fill in the data on the receipt of continuing education on their own page of the relevant registry, in the tab of continuing education, within 5 (five) working days from the completion of the continuing education requirement, but not later than by 31 December of the corresponding year.

Information on the providers of continuing education services will be published on the SARAS website.