Money transfer services
LMG has been involved in the initial set up and advisory process with money transfer businesses since they first started appearing in the UK some 8 years ago. Services provided by LMG have included:
- Initial company set up
- Initial registration of company with HMRC and discussions arising therefrom
- Liaison with clients on banking requirements
- Advice on Anti-Money Laundering processes and procedures, including review of compliance manuals
- Set up of IT-based accounting systems
- Audit/accounting services
- Taxation services
- Due diligence services on acquisition of ‘book of business' in the UK
- Ongoing advice and assistance via regular client contact/client care meetings to address unfamiliarity of overseas parent company to UK legislation and LMG Spanish speaking team.