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Approved for Anti-Money Laundering Supervison

I’ve not applied for this nor have I ever heard of it before today and I’m panicking

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I’ve received a letter confirming my approval in accordance with Regulation 26 of the Money Laundering, Terrorist Financing and Transfer Funds Regulations 2017. Im MAAT but have never applied nor heard of this before and I’m worried about what it means as I’ve found no information about it. Any information will be greatly appreciated. 

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panda ketteringUK
By ketteringUK
17th Oct 2018 20:13

We got one of these last week. As our practice (or me) is registered with HMRC for MLR we think it's a part of the additional and enhanced F&P test.

Frankly, we didn't have time to look into this, as we're way too busy with our clients. Although it the wording 'approved' came a little bit like a surprise, as I had my money laundering registration issued 5 months ago.

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By Tim Vane
17th Oct 2018 20:33

Are they asking for a registration fee? Sounds like a scam. Bin it.

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Replying to Tim Vane:
panda ketteringUK
By ketteringUK
18th Oct 2018 08:32

no, nothing like it. The letter is definitely from HMRC

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By legerman
18th Oct 2018 09:24

Got mine last week, it's nothing to worry about and is just to say that HMRC are happy that you don't have unspent convictions for fraud or dishonesty, which is a newish requirement for being registered for MLR

https://www.icpa.org.uk/portal/money_laundering/hmrc_letter_re_ml_superv...

There is supposed to be a fee of £40 but I haven't been asked to pay anything - yet.

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By Marion Hayes
18th Oct 2018 16:54

I renewed my registration last April - decision still pending - and have not yet been asked to pay the additional £40 fit and proper fee.
I rang them this morning as the paperwork at the time said I should hear within 45 days but that is apparently only for new registrations. Renewals take as long as they take and they were trying different systems with different people - some get asked for fee before check done, some afterwards but neither scenario means that my registration renewal pending would stop me being able to work. Good job as hadn't considered that aspect.

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