money laundering. Are you registered?

(3 Posts)
helpineedajob Thu 26-Sep-13 07:26:37

I am preparing tax returns for an accountacy firm on a self employed basis. I have just relised i should be registered for ML.

What does this involve?
having had a quick look it says i need to keep a record of all transactions, the company i work for has records it i dont personally, is this a problem?

i would need to submit an annual report,
what does this conntain?

Im in a bit of a tis about this

Lonecatwithkitten Fri 27-Sep-13 10:47:20

Do you not record payments against invoices raised? If you do then you re covered. It is just to show that payments are coming from genuine business transactions.

Talkinpeace Fri 27-Sep-13 13:29:25

You need to understand all of the "Know your client" rules - they are a PITA
Have a read ....
www.ccab.org.uk/PDFs/070612%20CCAB%20Guidance%20Clean.pdf
and unless they body of which you are a member covers your registration, you have to pay them ...

Join the discussion

Join the discussion

Registering is free, easy, and means you can join in the discussion, get discounts, win prizes and lots more.

Register now