money laundering. Are you registered?

[helpineedajob]

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

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.

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 ...