money laundering

I recently acquired a new client (small limited company). They contacted me for help producing the first year accounts after having a fall out with their previous accountant (fees dispute).

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Can anyone give us some pointers on how to carry out satisfactory 'know your client' checks in the following situation?

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We have a customer who is asking if we will accept payment from another company; the invoices remain addressed to the original company.

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Once upon a time, in an office far far away....

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Can it be true that the ridiculous faff of proving the identity of clients you've known (for decades in some instances) is to be made easier?

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We have an opportunity to prepare trust returns for a client specialising in writing wills, trusts etc.

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Chancellor George Osborne pledged in his Budget speech this week to reform the UK’s money laundering regime, but stopped short of providing any detail.

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The Chancellor said in his Budget speech "we will reform our burdensome money laundering regime".

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I've been reading through the CCAB guidance and the SOCA website and have come up with a few practical issues on which I could do with some clarification if anyone can help 

2

How often do I need to re-do my MLR checks on a client? Do I need to get a copy of his passport every year, a utility bill, run electronic checks? 

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