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Post Info TOPIC: Money Laundering Registration
Gondrin


Newbie

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Posts: 2
Date:
Money Laundering Registration
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Does anyone know the penalties for late registration under money laundering rules for bookkeepers? It seems it is essential for non vat registered bookkeepers to register for MTD.

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Rp
Cheshire


Master Book-keeper

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Posts: 8646
Date:
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Not sure what your point is with the second sentence, nor whether it's correct. Mtd hasn't come into law yet, unless I missed it (highly likely)

Fines and imprisonment for not doing the former, it's all detailed on HMRC and covered by the act itself.

If you are a bookkeeper and are not registered then get yourself registered straight away.

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Gondrin


Newbie

Status: Offline
Posts: 2
Date:
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I am not registered with any accounting body being unqualified but with 37 years of experience. Only work to t\balance level and file vat rtns. All work is then passed to the clients accountants for all remaing tasks and tax Have checked that all accountants have ML procedures in place, and have collated info on client ie id photo copy Council tax copy,utr,legal status etc. Do I need to register for money laundering?

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Rp
Cheshire


Master Book-keeper

Status: Offline
Posts: 8646
Date:
Permalink Closed

Yes you do

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
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