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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 ....
and unless they body of which you are a member covers your registration, you have to pay them ...

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