Who should I be supervised by for Money Laundering Regulations?

If your business is within the tax and accounting sector, you or your firm must be supervised. This includes sole practitioners and principals in partnerships/limited liability partnerships and companies.

For Money Laundering Regulations, the main supervisory bodies for accountants, bookkeepers, tax advisers and other financial advisers are the:

• Association of Accounting Technicians
• Association of Chartered Certified Accountants
• Association of International Accountants
• Association of Taxation Technicians
• Chartered Institute of Management Accountants
• Chartered Institute of Taxation
• Financial Conduct Authority
• Institute of Certified Bookkeepers
• Institute of Chartered Accountants in Ireland
• Institute of Chartered Accountants in Scotland
• Institute of Chartered Accountants of England and Wales
• Institute of Financial Accountants
• International Association of Bookkeepers
• Law Society

If you’re not supervised by one of these bodies you may need to register with HMRC:

Money laundering supervision for accountancy service providers