We are consulting on the fee-rate we propose to charge professional body supervisors (PBSs) in 2018/19 to recover the costs of establishing and running the Office for Professional Body Anti-Money Laundering Supervision (OPBAS). We are also consulting on the timetable for reporting data in the future and confirming the minimum fee structure. This follows our consultation in October 2017 on the framework of OPBAS fees (CP17/35) and our policy statement (PS18/9) published in April 2018.
On the basis of the latest tariff data submitted, the fee-rate we are consulting on is £41.03 per individual and not £45.49 as quoted in the CP.
We are proposing to:
We are also confirming in the CP that, as proposed in CP 17/35, we will charge a minimum fee of £5,000 for PBSs supervising up to 6,000 individuals. The variable rate is payable on individuals above that threshold.
This CP applies to the PBSs listed in Schedule 1 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 and any other professional bodies considering applying to be listed.
It will also be of interest to designated professional bodies.
Please send us your comments by 14 December 2018.
You can also: