Money Laundering Regulations

The new Money laundering regulations have extended the regulations to all accountancy services.  This extends the regulations to all bookkeepers, administrators and payroll providers and indeed anyone who is offering any level of accountancy services to other businesses.  If this applies to you then you must be registered by 1 October 2008.  IAgSA members can benefit from registering with the Institute of Certified Bookkeepers (ICB) for the additional cost of from £60.  If you are not a member then you must register with HM Revenue & Customs at a cost of £95. 

We would encourage all bookkeepers working in the agricultural field who are not already members to consider becoming a member of IAgSA at a cost of £50 per annum and to take advantage of the reduced rate of registration with the ICB.  The total cost of £110 is just £15 more than the cost of registration with H M Revenue & Customs and you will receive all the benefits of membership for this small extra cost.  For the latest IAgSA article please click here.

For further information about money laundering regulations, please see HMRC website