Under the Money Laundering Regulations 2007, AAT is recognised as a statutory supervisor for supervising the compliance of AAT members in practice (MIP) as detailed in schedule 3 of the Money Laundering Regulations 2007.
We have a responsibility to:
In return, AAT members in practice must register for AAT anti-money laundering supervision and put risk sensitive measures in place to prevent their businesses being used by money launderers.
AAT is a recognised supervisory authority, along with ACCA, ICAEW, ICAI, ICAS, AIA, ATT, CIMA, CIPFA, CIOT, IAB, ICB and IFA. Each officially recognised supervisory authority is responsible for supervising its own members. AAT has agreed policies with other supervisory authorities to guide members with concurrent memberships.