just download mrl100 - am stuck already - it says under business address which is my home address so i carry out money laundering services at this address - what do i put if i am going to be on site
you register your home address (the address that you work from) not the client address (the address that you work at).
Yes, as a bookkeeper you are an accounting service provider.
No requirement for the F&P unless they've snook a change in to the rules since I did it.
All sorted.
HTH,
Shaun.
p.s. the bit that I quoted earlier was from MLR9d
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
thanks so much, i can sleep tonight rather than sit in fear ive lost my client before i began!!!!!!! have had about 3 heart atacks today from this!!!
Shamus - would have been hepful if they could have put the bit on MLR9d on 17 - rather than 2 separate regulations!!!!!!!!! How stupid to have it in two separate places!!!!!!!
I am going to say a big pray tonight before i sleep "thank you god for lettting me find this forum!!!!"
You all know what im doing tomorrow - contacting HMRC with my MRL100!!!!!!!
9. (1) This regulation applies in respect of the duty under regulation 7(1)(a) and (b) to apply the customer due diligence measures referred to in regulation 5(a) and (b).
(2) Subject to paragraphs (3) to (5) and regulation 10, a relevant person must verify the identity of the customer (and any beneficial owner) before the establishment of a business relationship or the carrying out of an occasional transaction.
(3) Such verification may be completed during the establishment of a business relationship if
(a)this is necessary not to interrupt the normal conduct of business; and .
(b)there is little risk of money laundering or terrorist financing occurring, .
provided that the verification is completed as soon as practicable after contact is first established.
(4) The verification of the identity of the beneficiary under a life insurance policy may take place after the business relationship has been established provided that it takes place at or before the time of payout or at or before the time the beneficiary exercises a right vested under the policy.
(5) The verification of the identity of a bank account holder may take place after the bank account has been opened provided that there are adequate safeguards in place to ensure that
(a)the account is not closed; and .
(b)transactions are not carried out by or on behalf of the account holder (including any payment from the account to the account holder), .
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
