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HMRC internal manual

Money Laundering Regulations: Registration

From
HM Revenue & Customs
Updated
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Accountancy Service Providers (ASPs): Supervised by the FSA

Where a business supervised by the FSA is also an accountancy service provider and is not already supervised by a named professional body listed in Appendix 1 to MLR9 it will in effect have two supervisors. We have agreed therefore, with FSA, that they will supervise the ASP activities and the business will not be required to register with HMRC as an ASP.