|
|
16 Nov 2007
HM Revenue & Customs (HMRC) warns it is critical accountancy service providers, high value dealers, trust or company service providers (TCSPs) and money service businesses (MSBs), which have to register with HMRC, to send their applications in early in relation to the Money Laundering Regulations (MRLs) which come into force on December 15.
Melissa Tatton, HMRC business director of money laundering regulations, said businesses should familiarise themselves with the MLR guidance on the HMRC website to help them put in place anti-money laundering controls.
‘Any business that thinks they may be affected should take a look at our website to find out more about when and how to apply,’ she said.
As part of the transitional arrangements linked to the introduction of the regulations, registration deadlines have been set for existing businesses, trading on December 15. The proposed registration deadlines for businesses are February 1, 2008 for MSBs and April 1, 2008 for TCSPs.
Further reading:
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment