I have been asked by a potential new client to review and analyse full statutory accounts and management accounts of their clients, to enable their clients to prepare forecasts. I am regulated by HMRC for AML, due to the other work I do for my other clients (accounts, payroll, tax returns etc).
(1) Is this type of work covered by AML? If not do I need to do ID checks etc on this new client?
(2) If it is covered by AML do I have any obligation re the end client or is that solely down to my client?