HMRC has published new anti-money laundering guidance to help accountancy service providers (ASPs), including tax advisers, recognise and reduce the risk of money laundering.
Understanding risks and taking action for accountancy service providers identifies the key areas that ASPs should consider as they carry out supervised business activities. HMRC expects ASPs to carefully assess and document the specific risks they face and to establish policies, controls and procedures to address these risks and review them regularly to help prevent money laundering or terrorist financing.
HMRC has published new anti-money laundering guidance to help accountancy service providers (ASPs), including tax advisers, recognise and reduce the risk of money laundering.
Understanding risks and taking action for accountancy service providers identifies the key areas that ASPs should consider as they carry out supervised business activities. HMRC expects ASPs to carefully assess and document the specific risks they face and to establish policies, controls and procedures to address these risks and review them regularly to help prevent money laundering or terrorist financing.
