Farm secretaries, bookkeepers and administrators must check if they will be affected by new money laundering regulations, the Institute of Agricultural Secretaries and Administrators is warning.
Under the rules , which took effect from 15 December last year, any person undertaking bookkeeping, accountancy or payroll services on a self-employed basis, needs to be registered with either H M Revenue & Customers or other appointed supervisory body, by 1 July.
Failure to register and follow the procedures could result in criminal proceedings.
Registering via HMRC will cost £95. Full details are available from Institute of Agricultural Secretaries and Administrators.