Money transfer businesses Bookkeeping and MLR

I have a potential new client whose nature of trade is Money Transfer Business. Just want to ask what are Money Laundering Regulations applicable to this business and what evidence I need to collect other than copies of Passport, Certificate of incorporation, proof of address and other personal detail.

The next question he just asked about the weekly book keeping, how much normally work involve on a weekly basis? Are there any areas of concerns in the book keeping?

 

Your replies will be much appreciated.

 

Best Wishes.

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Money Transfer Business

davidwinch |
davidwinch's picture

Thanks for your reply. I need

hham12 |