Renew your member firm membership

You will be able to pay the member firm fee via the member firm dashboard.

All you need to do is:

  1. Log on to your member dashboard with your email address or member firm ID number
  2. Enter your password.
  3. Pay the annual fee.

Your login details will have been sent to the key contact for the firm by email. If you do not have these please contact the membership department membership@ifa.org.uk  or telephone +44 (0)20 3567 5999.

Annual return

Member firms must also complete and submit a member firm annual return to be regulated and supervised by the IFA for compliance with the Money Laundering Regulations 2017.

The member firm annual return will be available, via the member firm dashboard at the end of November.

Where possible the annual return will be prepopulated with the information you submitted in your last return making it easier and quicker for you to complete.

The member firm fee includes the costs incurred by the IFA in its AML supervisory function in accordance with the Money Laundering Regulations 2017.

These measures include enhancing the risk-based approach to supervision, monitoring compliance with AML requirements, providing education, advice and support on compliance, undertaking investigation and disciplinary processes to deter non-compliance and having a framework to report to OPBAS, HM Treasury and other agencies as appropriate.

The member firm fee for 2019 will be calculated on the number of Beneficial Owners, Officers and Managers (BOOMs) and the number of offices that you provided to the Institute when submitting your 2018 member firm return.

If you have two firms please contact the membership department membership@ifa.org.uk or telephone +44 (0)20 3567 5999 as we may not be supervising both firms and you may not be compliant with Money Laundering Regulations.

The member firm fee also includes free access for you and up to three staff members to AMLCC, an anti-money laundering product which assists accountants and tax advisers with their anti-money laundering compliance.