New anti-money laundering regulations that come into force on 1 April 2008 mean that independent trustees must register with HM Revenue and Customs (HMRC), or face a fine. The register is to enable HMRC to check that firms have adequate anti-money laundering procedures and controls. Professional trustees caught practising without the new certification can be fined or imprisoned.

For more information, please visit: http://www.hammonds.com/FileServer.aspx?oID=22241