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AAT: £100m Economic Crime Levy will burden accountants
Joe Pickard December 21, 2020 (Last Updated January 7th, 2021 15:56)
The UK Government’s proposal to raise £100m ($132.81m) per year from organisations regulated for Anti-money Laundering (AML) purposes will place unacceptable fees on accountants and their clients, says the Association of Accounting Technicians (AAT).
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The UK Government’s proposal to raise £100m ($132.81m) per year from organisations regulated for Anti-money Laundering (AML) purposes will place unacceptable fees on accountants and their clients, says the Association of Accounting Technicians (AAT).
The new levy is in addition to the AML fees already being payed by 22 professional bodies to the Office for Professional Body Anti-Money Laundering Supervision (OPBAS).
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