AAT and money laundering regulation

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:

  • help AAT members in practice understand relevant legislative requirements
  • ensure that AAT members in practice comply with the law.

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.