MLR Procedures
sheelagh
Registered Posts: 133 Dedicated contributor ๐ฆ
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
Thank you
0
Comments
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Hi Sheelagh,
Try this only had a glance at it but might be useful
http://www.hmrc.gov.uk/mlr/index.htm
Regards
Martin0 -
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?0 -
deanshepherd wrote: ยปI 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?0 -
I have a special place for depositing enquiries from builders..
alongside solicitors.. take-aways.. charities.. estate agents..0
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