Office for Professional Body Anti-money Laundering Supervision

Treasury written question – answered on 29th January 2019.

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Photo of Alison Thewliss Alison Thewliss Shadow SNP Spokesperson (Treasury), Shadow SNP Spokesperson (Housing, Communities and Local Government)

To ask the Chancellor of the Exchequer, what plans he has to ensure that accountants who are not members of an anti-money laundering supervisory body under the Office for Professional Body Anti-Money Laundering Supervision meet their anti-money laundering obligations.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

Accountants that are not a member of a designated anti-money laundering (AML) professional body supervisor must register with HMRC for supervision purposes. As a supervisor under the Money Laundering Regulations, HMRC takes its response to money laundering very seriously and has committed to meeting the high standards set by the Office for Professional Body AML Supervision (OPBAS). HMRC actively pursues those individuals who should be registered for AML purposes.

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