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HMRC internal manual

Money Laundering Regulations: Compliance

HM Revenue & Customs
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Trust or Company Service Providers (TCSPS): What would you expect to see at a recruitment agency or firm providing outsourced executives?

Our knowledge on this is sparse owing to the fact that our compliance visiting activity has been directed at other types of business activity.

Again much of the advertising for these services is done over the internet and specialist publications. Larger recruitment agencies are known to operate from office type premises and to employ several staff. Headhunting firms are specialists that operate in niche professions. They are likely to be small and specialised relying on key personnel who have contacts in certain industries and professions.

Internet research has identified that outsourced company secretarial services are offered by companies that have a panel of experienced company secretaries available for hire.