Tax Advisers now have to comply with the Money Laundering Regulations 2007 or potentially face civil penalties and/or criminal prosecution and/or unlimited fines for non-compliance. The regulations place an obligation on all Tax Advisers to have in place systems, policy, procedures, internal documents and to carry out due diligence checks into new clients on a risk based assessment. See here for some brief information on the obligations you now face.
As firms and practioners can vary greatly in the services that they provide, size and the risks of money laundering related to their work activities we provide a bespoke service to cater for all your compliance needs. We can provide you with everything from personal identity checks into new clients right through to full compliance systems and money laundering regulation audit services.
For further assistance or advice please contact us on 0844 561 6852 or by email and we will be happy to assist with all your compliance needs.
