I do bookkeeping part time from home. I have had the same clients for 11 years and I only have 3 clients. I have let my anti money launder supervision expire in June 2021. I didn't mean to. However I have since re-applied. Now HMRC are asking if I have a formal risk assessment and policies/procedure in place and trading without this is in place is a breach of the regulations. If I do not already have this in place I will need to recitify immediateley. I have to change the answer on the application form. I'm not sure how i find the application form let alone change it.
Do you think they want to see this formal RA? I'm hoping some other people will know the answer.