Regulatory AlertsPS18/9: Recovering the costs of the Office for Professional Body Anti-Money Laundering Supervision (OPBAS)
The Office for Professional Body Anti-Money Laundering Supervision (OPBAS) issues final requirements and guidance on recovering its operational and setup costs from supervised professional bodies. This document outlines the fee structure for the 2018/19 period, requiring listed supervisors to submit necessary data by 2 July 2018 to facilitate the calculation of the fee rate. OPBAS intends to finalize the fee rate in December 2018 for invoicing in January 2019 and plans to integrate these fees into the standard FCA consultation cycle starting in April 2019.
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