News Details

12 Aug, 2009

Anti Money Laundering Registration

The Money Laundering Regulations 2007 are designed to deter financial crime and terrorist financing by reducing the possibility of legitimate businesses being used for money laundering. Under the regulations, some businesses are obliged to be supervised by the Office of Fair Trading (OFT).

From 31st July 2009, the OFT became the supervisory authority for consumer credit financial institutions that provide consumer credit and are not :

  • Authorised by the FSA
  • Supervised by HMRC as a money service business.

The OFT will charge £115 per business premises with a cap at 20 premises per annum.

The registration form and additional guidance may be found at www.oft.gov.uk/amlregistration 

Completed forms must be submitted by 18 December 2009.

 

 

 

Back to News

Contact Compliant Solutions Ltd Now

Please use the Quick Contact Form below to get in touch with us or call 01376 514166

  •  
     
     

By submitting your data you are happy for us to contact you by phone or email. Tell us if you wish to opt out.