Count down to the new Money Laundering Regulations
The new Money Laundering Regulations (MLRs) come into effect on 15 December 2007.
The new Regulations will affect:
- Money Service Businesses (MSBs);
- Trust or Company Service Providers (TCSPs);
- High Value Dealers (HVDs);
- Accountancy Service Providers (ASPs).
HMRC says that "Businesses should familiarise themselves with the Money Laundering Regulations guidance on its website, www.hmrc.gov.uk/mlr to help them put in place anti-money laundering controls.