News Article - 24 May 2012
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HM Revenue & Customs (HMRC) has issued a warning to accountancy service providers (ASPs) to apply on time to be on the money laundering regulations registration.

ASPs need to apply before July 1st to give HMRC enough time to process the applications by the deadline.

Financial accounting businesses that apply late may find they are not included on the register when it opens on October 1st, which means they will be unable to trade legally.

HMRC business director Melissa Tatton said: "These regulations are important because they build on existing anti-money laundering controls.

"Setting up registers is a vital first step in knowing who is subject to our supervision so we can help them build effective, proportionate, risk based controls against criminal activity."

APS will be able to register with HMRC from April 1st and applications received before this date will be processed as soon as the register opens.

Businesses that have suspicions over transactions are urged to fill in a special report and return it to Serious Organised Crime Agency.

Article keywords: <img src='http://pictures.directnews.co.uk/liveimages/Earth_700_18962049_0_0_7005951_300.jpg' align='right' style='width:150px; margin-left:10px;' />Businesses interested in their own <a href="http://www.access-accounts.com/carbon-emissions.aspx" target="_self">carbon emissions</a> measurement may be interested to hear that there is no magic bullet for lowering such <a href="http://www.access-accounts.com/carbon-emissions.aspx" target="_self">emissions</a>, one sector commentator has claimed.<br/><br/>Professor Paul Elkins, professor of energy and environment policy at King's College London, explained that there was &quot;lots&quot; of technology that needed to be mobilised in order to successfully decarbonise - which may prompt firms into investing in <a href="http://www.access-accounts.com/carbon-emissions.aspx" target="_self">carbon</a><a href="http://www.access-accounts.com/" target="_self">accounting software</a>.<br/><br/>Speaking at a Royal Society meeting entitled Towards a Low <a href="http://www.access-accounts.com/carbon-emissions.aspx" target="_self">Carbon</a> Energy Future, he continued: &quot;The idea is that some of these technologies are negative cost and that if we manage to implement them we will prosper from economic growth because we would be getting energy service at less cost than we currently do.&quot;<br/><br/>Professor Elkins concluded that this was easily the most optimistic scenario.<br/><br/>Meanwhile, according to the Confederation of British Industries, it will take a co-ordinated effort from government and businesses to ensure the UK is ready to exploit the potential of a low-<a href="http://www.access-accounts.com/carbon-emissions.aspx" target="_self">carbon</a> economy.<br/>

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