Accountancy service providers can now follow eight simple steps to ensure they are on the right track to being compliant with the money laundering regulations, as outlined by the Anti-Money Laundering Compliance Company’s Stephen Watts.
Speaking at an ICPA seminar in Bristol this week, Watts ran through what had changed since the previous legislation and outlined the ‘eight steps to compliance’.
The Money Laundering Regulations (MLR) 2007 came into force on 15 December 2007 and there are changes accountants should be aware of.
About Robert Lovell
Business and finance journalist