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Anti Money Laundering sub

Steep

Didn't find your answer?

I've just been "invited" to fill in a long questionnaire (don't mind) and pay £300 (Phew) to ATT for the pleasure of being monitored by them for the coming year.
I knew we would have to pay more, but this wasn't good news.
How much are members of other bodies paying?

Replies (5)

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By SXGuy
15th May 2020 13:16

The same. Hmrc aml is also £300. The rise is across the board.

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By Cat's whiskers
15th May 2020 13:19

I queried the steep rise and this was the response I received:

"The fee has increased as ATT and CIOT now have to contribute to the costs of The Office for Professional Body Anti-Money Laundering Supervision (OPBAS). As part of our supervision role we are required to carry out an increased number of checks on our members including an increased number of visits.  

The fee is in line with HMRC and reflects the increased amount of work we have to do to comply with the requirements of OPBAS. "

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Replying to Cat's whiskers:
By Moonbeam
15th May 2020 13:45

Yes, I am sure they can justify it. I don't feel quite so bad now I know HMRC charge is the same.

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By Michael Davies
19th May 2020 09:51

What exactly are we paying for ? Total rip off.

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By pauljohnston
19th May 2020 19:03

In response you all need to increase your fees by at least 5% and blame the increase on the xtra work and regulation costs brought on by Office for Professional Body Anti-Money Laundering Supervision (OPBAS)

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