CIPP Survey: Supervision under Money Laundering Regulations

25 July 2016

There are 22 statutory supervisors who have been granted authority by Parliament to provide supervision under the Money Laundering Regulations 2007.

If you are an Accountancy Service Provider (ASP) you have to be supervised. An ASP can provide, bookkeeping services, payroll services, accounting, auditing or tax adviser service.

An ASP has to register with one of the twenty two statutory supervisory authorities and normally their choice would be their professional body, however in the absence of their professional body being one of the twenty two statutory supervisors the default supervisor would be HMRC.

The CIPP are currently running a short survey to establish how CIPP members, who are in business in their own right currently fulfil this legal requirement.

Full guidance on complying with the Money Laundering Regulations can be accessed on GOV.UK.

The survey will close on the 29 July and should take no more than five minutes to complete. Thank you.