The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (known as Money Laundering Regulations (MLR) 2017) oblige members of the Institute who are self-employed or in practice to register with a supervisory body for compliance monitoring.
If you have your own practice, no matter how small, receiving payment for tax advice and are not already supervised by an organisation on the list; then you will need to register with the Institute in order to comply with the Regulations.
Late Registration policy and guidance
If you have any further queries, please contact us at aml [at] ciot.org.uk.
If you require further information in relation to the criminality check requirements for supervised members referred to in the 2018/19 renewal form please see the frequently asked questions.