Am I a TCSP?
Three questions to find out whether your services make you a trust or company service provider under the Money Laundering Regulations 2017 — and who should be supervising you.
STEP 1
Which of these services do you provide?
Select all that apply — including services you arrange through someone else.
This tool gives general guidance on UK rules for trust and company service providers. It is not legal advice. Confirm your position with your AML supervisor or a qualified adviser.
TCSP questions
What counts as a trust or company service provider?
Under the Money Laundering Regulations 2017, a TCSP is a firm or sole practitioner who, by way of business, forms companies or other legal persons; acts or arranges for someone to act as a director, secretary or partner; provides a registered office, business, correspondence or administrative address; acts or arranges for someone to act as a trustee of an express trust; or acts or arranges for someone to act as a nominee shareholder (other than for a listed company).
Is an accountant who provides a registered office a TCSP?
Yes. Providing a registered office or correspondence address to clients by way of business is a TCSP activity, so an accountancy or law firm that offers it is acting as a TCSP for that service — usually supervised for it by its professional body.
Who supervises TCSPs?
HMRC supervises TCSPs that are not supervised by a professional body. Firms that belong to a professional body supervisor, such as ICAEW, ACCA or the Law Society, are generally supervised by that body for their TCSP work.