Posts Tagged ‘HMRC & Supervisory Issues’
02.09.09 BTC to participate in HMRC Forum for TCSP’s
Steve O’Neill of Business Tax Centre has been chosen to be a part of HMRC’s supervisory forum for Trust and Company Service Providers. This is the second such forum organised by HMRC, the first being one for large money service businesses. The forums organised by HMRC’s ‘Money Laundering Regulations Team’ meet ...
26.08.09 BTC Challenges HMRC over right to view SAR’s on supervisor compliance visits
BTC Challenges HMRC over right to view SAR’s on supervisor compliance visits HMRC has published its Code of Practice for supervisory purposes for visits to businesses under Money Laundering Regulations (COP28). This Code of Practice tells you what you can expect from HMRC Supervisory staff and what they expect of you ...
20.08.09 HMRC has published its Code of Practice for supervisory purposes for visits to businesses under Money Laundering Regulations (COP28).
HMRC has published its Code of Practice for supervisory purposes for visits to businesses under Money Laundering Regulations (COP28). This Code of Practice tells you what you can expect from HMRC Supervisory staff and what they expect of you when they visit your business under the Money Laundering Regulations 2007. The ...
10.08.09 JMLSG to Update AML Best Practice
Proposed amendments to key AML guidance in the UK were released on August 10th by the Joint Money Laundering Steering Group (JMLSG), a group of leading UK financial services trade associations that includes the British Bankers Association. JMLSG guidance is seen as the standard for AML compliance. Over recent months, the ...
05.08.09 Passwords stolen for tax returns
Gangs are stealing taxpayers' passwords and submitting claims for tax refunds to be paid to them, HM Revenue and Customs has warned. A series of attempted fraudulent claims through the self-assessment repayments system has been discovered. No figures ...
04.08.09 FSA bans Cornwall broker for fraud
The FSA has banned Cornwall mortgage broker Stephen Sanders for submitting at least three mortgage applications on behalf of customers which he knew contained false and misleading income information. Sanders withheld information from a prospective employer relating to an investigation into him by his former employer which resulted in his suspension. ...
23.07.09 SOCA – Belfast Anti-Money Laundering Conference
SOCA - Belfast Anti-Money Laundering Conference Businesses in Northern Ireland are invited to a free one day conference on Tuesday 22 September 2009 to learn how to safeguard themselves against serious organised crime and money laundering. The event, organised by the Asset Recovery Working Group ‘Payback’ Team, and hosted by the ...
26.04.09 HMRC issue revised guidance to MSB’s
This guidance is being sent to Money Service Businesses (MSBs) with a copy of the first direction issued under the Counter Terrorism Act 2008 Schedule 7 which affects them and will shortly be included in Public Notice MLR8: Preventing money laundering and terrorist financing. Who is this guidance for? This guidance is ...
16 March 2009 HM Treasury warns businesses of serious threats posed to the international financial system
The Financial Action Task Force (FATF) has announced that it remains concerned by Iran’s failure to meaningfully address the deficiencies in its Anti-Money Laundering and Combating Terrorist Financing (AML/CTF) regime, particularly in respect of terrorist financing and suspicious activity reporting. The FATF has called on its members to consider effective countermeasures ...
12 March 2009 SOCA ‘Payback’ Conference a success
The payback conference at the National Motorbike Museum, Birmingham was well attended and was generally appreciated by all attendees. Most sectors had a presence of their supervisory bodies. HMRC gave a presentation on risk assessment as well as having advisors on hand to answer queries. The Office of Fair Trading (OFT) ...
