ECSH32737 - Other supervisors and professional bodies


In addition to HMRC, there are other supervisory authorities as defined under regulation 7 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) regulations 2017. These are the Financial Conduct Authority (FCA), professional bodies and the Gambling Commission.  

Part of your initial checks may include checks regarding other supervisors if the business has dual registration or checks regarding professional bodies if the business claims it is or has been supervised by a professional body. 

(This content has been withheld because of exemptions in the Freedom of Information Act 2000)

If you need to ask for information from another supervisor or professional body, this must be done through a legal gateway, see the guidance at ECSH34230.   

Financial Conduct Authority (FCA) 

Check the FCA register if appropriate Financial Conduct Authority. Some money service businesses (MSBs) and trust or company service providers (TCSPs) may be supervised by HMRC under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017) and regulated by the FCA. For guidance on businesses supervised by HMRC that also need to be registered for authorisation with the FCA, see ECSH41500.  

 

Gambling Commission 

Check the Gambling Commission register if appropriate.

Professional bodies  

The list of Professional Bodies is contained in Schedule 1 MLR 2017.

Association of Chartered Certified Accountants 

The Association of Chartered Certified Accountants (ACCA) currently supervises firms (not individuals) for anti-money laundering (AML) where ACCA members holding an ACCA Practising Certificate have a combined majority control over the firm. 

If an accountancy service provider (ASP) is supervised by ACCA for AML and the firm provides trust or company service provider (TCSP) services, ACCA will always supervise the firm for both accountancy and TCSP services. 

If a firm or individual is supervised by ACCA, it is publicly available on the ACCA website.  

Association of Taxation Technicians (ATT)  

Register of AML Supervised Members can be found on their website.   

Chartered Institute of Taxation (CIOT) 

Register of AML Supervised Members can be found on their website.   

Institute of Accountants and Bookkeepers (IAB) 

Register of AML Supervised Members can be found on their website.  

For guidance on the evidence required to confirm that a business is registered with another regulatory body, and how to request information if there is no public register, see ECSH40540. 

Additional guidance on this topic can be found at ECSH52075 and ECSH52575.