• New AML Registration

    Please enter your details, and pay below. Once this form is submitted you will be invited to AML Complete, our mandatory AML platform, where you will be expected to complete and submit all requested fields, ensuring all details are kept up to date.

  • The IAB will only offer supervision to its members who are permanently resident and physically operating their practice from England, Northern Ireland, Wales or Scotland. We are not able to offer Supervision for members that reside overseas, Isle of Man or the Channel Islands.

    To ensure that you don't lose any data you have inputted, we recommend you save your data occasionally.

    • About You 
    • Would you rather provide:*
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    • Your IAB Membership Level*

    • Applications for an AML Practice Supervision Licence can only be made by IAB professional members at the grade of Member or Fellow.

      The individual responsible for the practice complying with the Money Laundering Regulations must be the applicant for practice supervision.

      Applications made by AIAB members will not be accepted.

      If this is an issue for yourself, please contact us at membership@iab.org.uk to discuss upgrading your membership.

    • Are you affiliated with another PBS?*
    • Please select all PBS you are affiliated with:*
    • To prove you are human please enter todays date*
       - -
      2 digit day, 2 digit month, 4 digit year
    • About Your Practice 

    • Principal Business Address

    • Is this address also the registered business address of the practice?*

    • Please note that the principal business address will be used for all correspondence relating to AML supervision.

      The IAB will only offer supervision to a practice where the management and day-to-day business of the practice (its Principal Business Address) is located within the UK.

    • Registered Business Address

    • Under Money Laundering Regulations accountancy service providers are:

      • auditors who carry out statutory audit work
      • accountants who provide accountancy services to clients
        tax advisers and consultants who provide advice to clients about their tax affairs
      • payroll agents that provide accountancy services and/or tax advice
        customs practitioners, freight forwarders and similar businesses if they provide accountancy or tax services

      The services they provide can be recording, reviewing, analysing, calculating and reporting on financial information for other people. This includes:

      • professional bookkeeping services
      • accounts preparation and signing
      • giving a customer specific tax advice
      • help with completing and submitting tax returns or duty claims
      • advice on whether something is liable to a tax or duty
      • advice on the amount of tax or duty that is due

      Please click here to download the Member Guidance for AML Supervision and our current Policy and Procedures here. To download the client risk assessment template, that you will need to adapt to suit your clients and submit as part of your renewal, please click here.

      Please note: 

      You do not require AML supervision of your own for the work that you complete as a sub-contractor of an accountant client, providing the following conditions are met and the accountant is supervised:

      • you do not do business directly with the supervised accountancy service providers’ own customers
      • you’re included in the supervised accountancy service providers’ anti money laundering controls and procedures, suspicious activity reporting, and training programmes
      • you have a written contract with the accountant confirming that every aspect of the relationship between you meets all anti money laundering requirements

      You must meet all of these conditions, otherwise you will need your own AML supervision

    • If your practice is not yet operational, you must complete your application form based on how your practice will operate. 

      Please note that a subsequent change of business structure (incorporation etc.) will require a new application to be submitted.

    • For the question below, please ensure you only provide the number of clients that you are currently engaged with. Do not include any clients that you expect to engage with in the future.

    • You have indicated above that you are currently not in practice; however, you have confirmed that you have {numberOf44} engaged clients. Please review and ensure that the information above accurately reflects your current practice.

    • What date does your current AML supervision expire?*
       - -
      2 digit day, 2 digit month, 4 digit year
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    • Your Practice Staffing 

    • The IAB must authorise all Beneficial Owners, Officers or Managers (BOOM's - defined here) within a practice.

      Regulation 26 of the MLRs makes it a criminal offence to hold such a position without authorisation.

      Failure to declare a BOOM may result in disciplinary action.

      The IAB can only authorise an individual once evidence of no unspent schedule 3 convictions has been provided.

      Please refer to the above definition to ensure you declare all BOOMs, which will include:

      Beneficial Owner

      This should include:

      • Sole practitioner;
      • Partner, or LLP member, in a firm who:
        • holds (directly or indirectly) more than 25% of the capital, or profits or voting rights;
        • or exercises ultimate control
      • Shareholder in a limited company who:
        • holds (directly or indirectly) more than 25% of the shares or voting rights;
        • or ultimately owns, or exercises ultimate control.

      Officer

      This should include:

      • Sole practitioner;
      • Partner in a partnership (including a Scottish Limited Partnership (SLP));
      • Member in a limited liability partnership (LLP);
      • Director or company secretary in a limited company; and
      • Member of the firm’s management board or equivalent.

      Manager

      This should include:

      • The nominated officer (the MLRO);
      • The member of the board of directors (or if there is no board, of its equivalent management body) or of its senior management as the officer responsible for the relevant person’s compliance with MLR17); and
      • Any other principal, senior manager, or member of a management committee who is responsible for setting, approving or ensuring the firm’s compliance with the firm’s Anti-Money Laundering policies and procedures, in relation to the following areas:
        • Client acceptance procedures;
        • The firm’s risk management practices;
        • Internal controls, including employee screening and training for AML purposes;
        • Internal audit or the annual AML compliance review process;
        • Customer Due Diligence, including policies for reliance; and
        • AML record keeping. 

      There is an additional charge of £50 for each BOOM. This is for the extra Due Diligence and administration work required when our Compliance and Professional Standards team to perform the necessary legal background checks.

      Any additional Booms must provide details of a basic DBS check dated within the last three months upon submission of your application.

      In order to comply, the IAB requires all addtional BOOMs in supervised firms to complete a basic criminal record check via the relevant organisation, depending on where they live and work:

      Disclosure and Barring Service in England and Wales;
      Access NI in Northern Ireland; and
      Disclosure Scotland in Scotland.

      Please note, the IAB will only accept a DBS certificate from the Gov.uk site or one of the following recommended Government Responsible Organisations. DBS England and Wales must be provided by online certificate number and sharecode.

    • How many BOOMs will the practice have?*

    • Please can you provide contact details for your fellow BOOMs (not including yourself), as they will need to provide DBS information if they are not already an IAB member with an active DBS. We will automatically reach out to them for it if appropriate.

    • Select all relevant BOOM Category/Categories for this individual*
    • Is this individual active in public practice (do they provide any accountancy sector services through this practice)?*
    • Is this individual a resident in the United Kingdom?*
    • Has your BOOM resided overseas in the last 5 years?*
    • Select all relevant BOOM Category/Categories for this individual*
    • Is this individual active in public practice (do they provide any accountancy sector services through this practice)?*
    • Is this individual a resident in the United Kingdom?*
    • Has your BOOM resided overseas in the last 5 years?*
    • Select all relevant BOOM Category/Categories for this individual*
    • Is this individual active in public practice (do they provide any accountancy sector services through this practice)?*
    • Is this individual a resident in the United Kingdom?*
    • Has your BOOM resided overseas in the last 5 years?*
    • Select all relevant BOOM Category/Categories for this individual*
    • Is this individual active in public practice (do they provide any accountancy sector services through this practice)?*
    • Is this individual a resident in the United Kingdom?*
    • Has your BOOM resided overseas in the last 5 years?*

    • Thank you for their information, we will send a DBS request email to them on the address you have provided. If you could please ensure they are aware that it will be sent to them as your AML Supervision cannot be processed until all BOOMs DBSs have been accepted by the IAB.

      If there are more than 4 additional BOOMs, please email membership@iab.org.uk with their details.

    • For the next question please only include Relevant Employees - An employee whose work is relevant to compliance with the MLRs, or is otherwise capable of contributing to the identification and mitigation of the risks of MLTF to which the business is subject, or to the prevention or detection of MLTF in relation to the business.

    • Please enter the details of your staff members below (excluding yourself)

    • Is the first member of staff classed as a Relevant Employee*
    • Has there been employee screening conducted on staff member one?*
    • Is the second member of staff classed as a Relevant Employee*
    • Has there been employee screening conducted on staff member two?*
    • Is the third member of staff classed as a Relevant Employee*
    • Has there been employee screening conducted on staff member three?*
    • Is the fourth member of staff classed as a Relevant Employee*
    • Has there been employee screening conducted on staff member four?*
    • Is the fifth member of staff classed as a Relevant Employee*
    • Has there been employee screening conducted on staff member five?*

    • Please can you send to membership@iab.org.uk all additional staff details, including Name, Email, PBS Affiliation, if they are classed as a Relevant Employee, and if screening has been conducted.

    • The 2019 amendments to the MLR's places a responsibility on the supervised practice to ensure that any sub-contractors providing accountancy services on its behalf regularly receive the required level of training to be aware of:

      • the law relating to money laundering and requirements of data protection; and
      • how to recognise and deal with transactions and other activities or situations which may be related to money laundering.

      A written record of measures taken and the training provided must be kept.

    • Your Payment 

    • Once you have submitted the payment below the information you have provided will then be used to automatically create you an IAB AML Complete account. The login details will be emailed to you within minutes of you submitting the form. You will then have 4 weeks to submit your AML Complete profile to the IAB.

    • Once you have submitted the payment below, you will be redirected to the second step of your application. The information on the second form will then be used to assess your AML Supervision Application. We will also automatically create you an IAB AML Complete account, the login details will be emailed to you within minutes of you submitting the form. You will then have 3 months to submit your AML Complete profile to the IAB.

    • AML Registration

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    • Notifications, Declaration and Submit Your Application 

    • Listing on the IAB website – Find a Finance Professional

      We list all supervised practices to promote our members and provide them with an opportunity to generate new business. We also publish this list in our legitimate interests to demonstrate our commitment to upholding high professional standards. Your name and practice name, telephone number, town and postcode will be shown. This can be seen on the IAB Website here. If you wish to raise an objection to this listing, please contact the membership team on membership@iab.org.uk.

    • Submitting the form

      Once you've completed the form please click the submit button below.
      Once a form has been submitted it cannot be changed, so please make sure you have answered all questions as accurately as possible.

      A copy of this form will be sent to the e-mail address provided in this form for your records.

      Upon review, a member of the IAB Membership team will make contact with you to conclude this process and confirm that your AML supervision is valid.

      Thank you.

    • Declaration

      I apply for an annual AML Supervision licence, which will provide AML supervision for the practice named in this application only.

      I the applicant am responsible for the named practices' compliance with the requirements of the Money Laundering Regulations 2017 (as amended by the MLR2019 & MLR2022 amendments) and IAB Bye-Laws.  Supervision of the named practice requires both continued association with the practice by the applicant member, as outlined in this application, and valid professional membership of the IAB by the applicant member. Where either element ceases to be valid for any reason, the AML Supervision licence will be void with immediate effect.

      I agree to observe best practice and guidance notes issued from time to time by the Association and confirm I am bound by the Articles of Association and Bye-Laws and that I comply with the AML legislation.  I certify that the information on this form is correct and complete and that I have paid all outstanding subscriptions and fees to the Association.  I undertake to inform the Association within 28 days of any change in ownership of the practice or any material facts, which are contrary to the information shown on this document.

      I understand if I wish to cancel the AML Supervision licence part way through the year I must give formal notice to the IAB in writing, explaining the reason, by completing the online declaration form.  Please note we do not offer pro rata refunds if you cancel your AML Supervision licence part way through the year.  No refund will be issued if your AML Supervision licence is revoked by the IAB for any reason.    

      Information provided by you in this form will be processed and stored securely to comply with the General Data Protection Regulations (GDPR).  To view our privacy notice, which provides further information on how your details will be processed and used please visit: https://www.iab.org.uk/privacy-notice-for-professional-members/. 

      We will use your information in relation to your professional membership and supervision under the Money Laundering Regulations and the support and benefits you receive as a result of this.  

      By submitting this form, you are confirming you agree for us to process and use your information as detailed in our privacy notice.   

      I understand that on receipt of my application and successful payment that AML supervision will continue from the date of expiry of any previous IAB supervision certificate for renewal applicants (made within 12 months of previous expiry), or point of application approval in the case of new applicants. I understand that the certificate will only be issued when the application has been fully reviewed and compliance is confirmed.  I also understand that supervision will cease in the event that any IAB membership fees, compliance with the Money Laundering Regulations or IAB Compliance requirements are not kept up to date.

    • If you have any questions regarding this form, please contact membership@iab.org.uk

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