Supervisory Authorities

As a result of the Money Laundering Regulations, the following authorities now have supervisory responsibilities in respect of money laundering:

• Association of Accounting Technicians (AAT).
• Association of Chartered Certified Accountants (ACCA).
• Association of International Accountants (AIA).
• Association of Taxation Technicians (ATT).
• Chartered Institute of Management Accountants (CIMA).
• Chartered Institute of Public Finance and Accountancy (CIPFA).
• Chartered Institute of Taxation (CIOT).
• Council for Licensed Conveyancers (CLC).
• Department of Enterprise, Trade, and Investment Northern Ireland (DETNI).
• Faculty of Advocates (Scottish bar association) (FoA).
• Faculty Office of the Archbishop of Canterbury (AoC).
• Financial Conduct Authority (FCA).
• Gambling Commission (GC).

Also included are:

• General Council of the Bar (England and Wales) (GCBEW).
• General Council of the Bar of Northern Ireland (GCBNI).
• HM Revenue & Customs (HMRC).
• Insolvency Practitioners Association (IPA).
• Insolvency Service (SoS).
• Institute of Certified Bookkeepers (ICB).
• Institute of Chartered Accountants in England and Wales (ICAEW).
• Institute of Chartered Accountants in Ireland (ICAI).
• Institute of Chartered Accountants of Scotland (ICAS).
• Institute of Financial Accountants (IFA).
• International Association of Bookkeepers (IAB).
• Law Society of England and Wales (LSEW).
• Law Society of Northern Ireland (LSNI).
• Law Society of Scotland (LSS).

Designated professional bodies supervise their members (e.g. The Law Society). The Gambling Commission supervises casinos and the FCA supervises consumer credit businesses from 2013.

HMRC supervises accountancy services, audit services, tax advisers, trusts, company service providers, money service businesses, businesses accepting more than €15,000 (or equivalent) in cash for goods and estate agents.

The fourth EU Money Laundering Directive is set to add bookmakers and reduce the cash limit to €7,500 if it is approved.