FROM A
DIFFERENT ANGLE by Kenneth Rijock
Financial Crime Consultant, for World-Check
HMRC introduces register for ASPs under AML regulations
19 February 2008

HM Revenue & Customs, more commonly known as HMRC, has notified Accounting Service Providers, called ASPs, that there will be a register for this class of professionals, commencing 1 April. Note that APSs already supervised by some other regulator listed in the 2007 Money Laundering Regulations must re-register and this must be accomplished by 1 October. Applications must be in by 1 July, to allow timely processing by 1 October.

Businesses that might be classified as ASPs:

  • Accountants
  • Auditors
  • Tax Advisers
  • Bookkeepers
  • Payroll Agents
  • Tax Consultants

Guidance can be found in:

MLR 9 Guide to Registration

http;//www.hmrc.gov.uk/mlr/mlr9.pdf

 

 

 

The facts and opinions stated in this article are those of the author and not those of World-Check. World-Check does not warrant the accuracy of any facts and opinions stated in this article, does not endorse them, and accepts no responsibility for them.

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