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:
Comments