The TaxCalc Solution to AML compliance

A wide sector of businesses throughout the UK now have to abide by the complex Money Laundering Regulations 2007 or face penalties ranging from £1000 fines to 5 years imprisonment. If you operate within the following sectors then you have a legal obligation to keep relevant anti-money laundering records:

• Accountants
• Audit
• Book Keeping
• Payroll Agency
• Tax Advice and/or the preparation of Tax Returns

TaxCalc Anti-Money Laundering solutions, put you firmly in control of your legal obligations.

Search & Verify

As part of client due diligence, this service allows you to undertake personal searches and verify your client's identity and address and check for any negative alerts.

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Important Information

Data Protection

Most firms are required to process their Clients' data in accordance with the Data Protection Act 1998. You will need to enter your Data Protection Registration Number when registering to use TaxCalc's Search & Verify service.

To register with the Information Commissioner (usually a fee of £35), click the 'register' button.

HMRC Registration

Accountants, or any of the professionals listed above (who are not regulated by an approved professional body), are now regulated by HMRC and should have registered by completing an MLR100 registration form.

To register with HMRC, click the 'register' button