CH881150 - Agent operational guidance: dishonest tax agents: establishing dishonest conduct: referring tax agents to Anti-Money Laundering Supervision teams
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You must ensure that tax agents who are Accountancy Service Providers (ASP), and who are not members of professional bodies, are registered with HMRC under the Money Laundering Regulations 2007 (MLR 2007).
MLR 2007 includes provisions covering the business activities of ASPs. Regulation 3(1)(c) provides the regulations that apply to auditors, insolvency practitioners, external accountants and tax advisers.
The definition of 바카라 사이트˜external accountant바카라 사이트™ is contained within Regulation 3(7) which states: an external accountant is 바카라 사이트˜a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services.바카라 사이트™
Regulation 3(8) defines 바카라 사이트˜tax adviser바카라 사이트™ as 바카라 사이트˜a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services.바카라 사이트™
If an ASP, as defined above, is not affiliated to any of the accountancy bodies listed in Schedule 3 of the Regulations they must register with HMRC under MLR 2007.
Regulation 19 requires tax agents who are ASPs to retain records for five years from the end of a business relationship. A breach of this regulation could result in penalties under the Money Laundering Regulations and would also impact on the ASP바카라 사이트™s ability to demonstrate to HMRC how and when they have applied customer due diligence (Reg 7) and any enhanced due diligence (Reg 14) for their clients.
HMRC바카라 사이트™s Anti-Money Laundering Supervision (AMLS) supervises ASPs. (This content has been withheld because of exemptions in the Freedom of Information Act 2000)ÌýML, NIU (RIS)Ìý(This content has been withheld because of exemptions in the Freedom of Information Act 2000)Ìý
Details about who must be registered as an ASP can be found in the Registration Guide for Accountancy Service Providers (HMRC website).
If you want to check whether a specific agent should be registered or not, contact the AMLS MLR Risk Targeting Team. For general queries about HMRC바카라 사이트™s supervision of ASPs please contact the ASP Sector Lead Graham McGinnigle(This content has been withheld because of exemptions in the Freedom of Information Act 2000)Ìý
Once you have made contact with AMLS you must keep the MLR Risk Targeting Team informed of developments in the case at all key stages.
Where the agent is a member of a professional body, see CH881600 about making public interest disclosures.