HMRC Registration

HMRC Registration for AML Supervision

Operating a business in certain sectors means you have a legal duty to register with HM Revenue & Customs (HMRC) for Anti-Money Laundering (AML) supervision. This is a critical step to ensure your firm complies with the UK’s Money Laundering Regulations and is not used as a vehicle for financial crime. At Apex Compliance Advisory, we specialise in managing this process, ensuring your registration is handled efficiently and correctly from start to finish.

Who Needs to Register with HMRC?

While the FCA supervises many financial institutions, HMRC is the designated AML supervisor for a different set of businesses and sole practitioners. If your firm operates in any of the following sectors, you must be registered with HMRC:

  • Money Service Businesses (MSBs): Including currency exchange, money transmission, and cheque cashing services.
  • Trust or Company Service Providers (TCSPs): Firms that form companies or provide registered offices.
  • Accountancy Service Providers (ASPs): Accountants and tax advisers not supervised by a professional body.
  • High-Value Dealers (HVDs): Businesses that accept cash payments of €10,000 or more for goods.
  • Estate Agency Businesses (EABs): This now includes letting agency and property management companies following recent regulatory updates.

Our End-to-End HMRC Registration Service

Navigating HMRC’s requirements can be complex. The application process involves detailed questions about your business, its officers, and its AML controls, including the crucial ‘fit and proper’ test for all beneficial owners and senior managers.

Our expert service streamlines this entire process:

  • Initial Assessment: We confirm your requirement to register and identify all relevant individuals who must pass the fit and proper test.
  • Application Preparation: We meticulously prepare and complete your application, ensuring all information is accurate and robust.
  • Policy & Procedure Review: We help ensure your AML policies are in place and meet HMRC’s expectations before you apply.
  • HMRC Liaison: We manage all correspondence with HMRC on your behalf, responding to any queries promptly and professionally.

Ensure Your Business is Compliant

Don’t risk operating without the correct supervision. Contact Apex Compliance Advisory today to manage your HMRC registration with confidence and secure your compliance with UK Money Laundering Regulations.Don’t leave your firm exposed to the risks of financial crime. For expert, efficient, and effective AML compliance support get in touch today

GET YOUR HMRC REGISTRATION STARTED
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