Does my firm need to register with a supervisory authority for Anti-Money Laundering compliance purposes?
From 15 December 2007, if your firm provides ‘advice about the tax affairs of other persons’, the firm will need to register with a supervisory authority. The meaning of ‘advice’ is widely interpreted and it would be prudent to take the view that tax compliance services come within its definition. The recognised supervisory authorities are: • Association of Accounting Technicians • Association of International Accountants • Association of Chartered Certified Accountants • Association of Taxation Technicians • Chartered Institute of Management Accountants • Chartered Institute of Public Finance and Accountancy • Chartered Institute of Taxation • Council of Licensed Conveyancers • Faculty of Advocates • Faculty Office of the Archbishop of Canterbury • General Council of the Bar • General Council of the Bar of Northern Ireland • HM Revenue & Customs • Insolvency Practitioners Association • Institute of Certified Bookkeepers • Institute of Chartered Accountants in England and Wales • Insti
Related Questions
- IS THE LAW SOCIETY/BAR ASSOCIATION INVOLVED IN SUPERVISING OR ENFORCING COMPLIANCE WITH ANTI-MONEY LAUNDERING REGULATIONS?
- Does my firm need to register with a supervisory authority for Anti-Money Laundering compliance purposes?
- What is a Disciplined Firm for purposes of the enhanced supervisory requirements?
