Practising certificate fee + late renewal 29 days +

Practising certificate fee + late renewal 29 days +

£350.00

Our practicing certificate and AML supervision is currently £175.00 for one year.

By allowing your MiP membership to lapse whilst you remain in public practice, you have been practising without AML supervision, in breach of the Money Laundering Regulations and IAB membership requirements.

Where your application has been received after your current period of AML has ended, the following non-compliance fine will be applied in addition to the cost of your MiP renewal (£175), in line with the IAB byelaws:

  • Practice without supervision (late renewal) 1-14 days: £50 fine
  • Practice without supervision (late renewal) 15-28 days: £100 fine
  • Practice without supervision (late renewal) 29 days+: £175 fine

Your AML supervision will resume upon successful payment.

Should you have any queries regarding our Practicing certificate forms, please do not hesitate to contact the Compliance and Professional Standards team on compliance@iab.org.uk.

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