David Winch highlights the key issues for accountants in the updated money laundering regulations issued by the Treasury last month.
The updates to the Money Laundering Regulations Money Laundering Regulations (MLR) 2007 include a shift in responsibility for enforcement to professional supervisory bodies, new financial sanctions and changes to registration procedures for money transmitters.
MLR 2007 is now known as Money Laundering (Amendment) Regulations 2012 and came into effect in October.
- Estate agents
- Reliance - accountants and lawyers
- Supervisory bodies
- The future of MLR