MLR Procedures

sheelagh

Does anyone have a template checklist I could "borrow" for use when assessing the ML risk of new clients? I know AAT MIPs are genrally expected to only work with "low risk" businesses, but that makes it harder to think of something contructive to document.

Thank you

slackda

Hi Sheelagh,

Try this only had a glance at it but might be useful

http://www.hmrc.gov.uk/mlr/index.htm

Regards

Martin

deanshepherd

I work through the following noting yes/no answers and assessing the risk as either low, medium or high:

- Is it a cash based business?
- Does it have non-UK resident directors?
- Does it have non-UK resident shareholders?
- Are there any cross-border transactions?
- Are there any complex transactions?
- Are they in a higher-risk industry?

Poodle

deanshepherd wrote: »

I work through the following noting yes/no answers and assessing the risk as either low, medium or high:

- Is it a cash based business?
- Does it have non-UK resident directors?
- Does it have non-UK resident shareholders?
- Are there any cross-border transactions?
- Are there any complex transactions?
- Are they in a higher-risk industry?

Could add

Are they builders?

deanshepherd

I have a special place for depositing enquiries from builders..

alongside solicitors.. take-aways.. charities.. estate agents..