Landmark's Blog Library

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Assisting with tax – a trap for the unwary!

By David Winch / 6th May 2024

Some years ago a minor tweak was made to the wording of the Money Laundering Regulations 2017 which may catch out specialist firms.

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Outsourcing and AML compliance

By David Winch / 2nd April 2024

Accountants in the UK are increasingly outsourcing detailed bookkeeping, accountancy and payroll work – taking advantage of lower staff costs overseas. But what are the implications for the AML compliance requirements on the UK based firm?

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20 years of MLR for accountants

By David Winch / 1st March 2024

20 years ago, on 1 March 2004, the Money Laundering Regulations 2003 came into force. Maybe we should celebrate the anniversary with a cake!
This article briefly highlights some key steps in the evolution of the MLR over 20 years.

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Libby Walklett head in hand photo

What’s the worst that can happen?

By David Winch / 18th February 2024

I’m often asked, “What’s the worst that can happen if my firm does not comply with the money laundering regulations?” But instead let’s focus on fixing the problem – starting is the hardest part!

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AML Compliance and accountancy sub-contractors

By David Winch / 4th January 2024

A question we are often asked is, ‘Do sub-contract accountants and bookkeepers have to register themselves separately for AML purposes as accountancy service providers?’

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The danger of an old FWRA

By David Winch / 9th December 2023

Every accountant knows that you would not rely on old tax books to advise your clients. But you should not rely on old AML compliance documents either.

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Handing over your file to the authorities

By David Winch / 18th November 2023

What should you do if the police or HMRC tell you they are going to obtain a court order requiring you to hand over your file relating to a specific client? And, perhaps even more importantly, what should you NOT do?

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How I can fix your AML compliance

By David Winch / 28th October 2023

Speaking at Accountex North in Manchester I described how I could solve your AML problems in just one day

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What I didn’t say at Accountex

By David Winch / 1st October 2023

My answers to some frequently asked questions relating to electronic ID checks, AML compliance software and CDD on directors of client companies

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What I said at Accountex Manchester 2023

By David Winch / 24th September 2023

David Winch spoke at Accountex Manchester on 19 September 2023 on the topic of AML Compliance. This article mentions the key points from that session.

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Accountex Manchester 2023

By David Winch / 14th September 2023

David Winch will be speaking at Accountex Manchester on Tuesday 19 September 2023 on dealing with the AML supervisory bodies and pitfalls to be avoided.

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AML Red Flags for accountants

By David Winch / 1st September 2023

Anti-money laundering training covers red flags, warning signs that money laundering may be occurring. But does the training get this right?

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Is it good to be the MLRO?

By David Winch / 1st August 2023

Are you the MLRO in an accountancy practice? We can help you get your AML compliance sorted – before a supervisor calls!

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Money Laundering Regulations support services

A dangerous little form

By David Winch / 30th July 2023

There is a dangerous little online form used by one of the AML supervisory bodies for UK accountants. It looks innocuous but an error can have serious consequences!

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We have not filed any SARs

By David Winch / 21st July 2023

Will we get criticised by our Money Laundering supervisors if we have not made any Suspicious Activity Reports?

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