Fees you’ll pay for money laundering supervision

Imported from official source

October 22, 2014 23:00

Finance Classified by Officially

You must pay fees to HMRC when you register for anti-money laundering supervision.

a registration fee for each premises (this needs to be paid annually for each premises)

a fit and proper test fee (for money service businesses, or trust or company service providers) for each person tested

an approval process fee (for accountancy service providers, estate agency businesses, or high value dealers) for each person tested

When you first register you must pay a one-off registration fee of £300 which is non-refundable. Businesses whose registration is withdrawn (because they cease then subsequently resume providing relevant activity) or have their registration cancelled (including those who do not pay their annual fees) will also have to pay this fee if they reapply for supervision. This fee will be waived for businesses eligible for the small business reduction.

When you register you must pay £400 for each of the premises you include in your application.

If HMRC refuses your application to register, we may refund your premises fee if the:

business is out of scope of The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017)

business is already supervised by a professional body and does not require separate supervision by HMRC

business did not supply all the information needed

business did not pay all the fees associated with that application

beneficial owner, officer or manager (BOOM) of the business failed the fit and proper test or approval check and the application was not approved by HMRC

business has applied as the wrong legal entity

business withdraws its application before it is registered

Adding or removing premises from your registration

If you want to add new premises to your registration in the first 6 months of the year, you will need to pay the full fee for each premises.

If you want to add new premises to your registration in the second 6 months of the year, you will need to pay half of the fee for each premises.

This is an extract. The publication continues at the source.

Contains public sector information licensed under the Open Government Licence v3.0. Licence

Read the original at the source: https://www.gov.uk/guidance/money-laundering-regulations-registration-fees

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Organization: HM Revenue and Customs — imported from official source
Official source: https://www.gov.uk/government/organisations/hm-revenue-customs.atom ATOM
Imported: November 10, 2026 14:01
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Identity: https://www.gov.uk/guidance/money-laundering-regulations-registration-fees#2026-11-10T1...