British Money Notes
  • 11 Dec 2017

Many categories of business must register and be supervised under the money laundering regulations (MLR). This includes all accountants, estate agents, currency exchangers, bill payment providers, trust or company service providers, and high value dealers (HVD).

HVD businesses are those who receive cash payments of €10,000 or more for goods acquired in a single transaction , or who pay cash for goods worth €10,000 or more. As the pound is now almost at parity with the euro, those who make a sale at around £10,000 or more where the customer pays in cash, even over several instalments, are now within the MLR.

Those who are not supervised for MLR by a professional organisation must be supervised by HMRC. The application fee is £100, plus an annual fee of £115. An additional registration fee applies to each premises; this increased to £130 (from £115) on 1 December 2017.

Key personnel in HVD businesses, estate agents, and accountancy firms need to pass an approval test from 1 November 2017, which checks for relevant criminal convictions. This non – refundable charge is set at £40 per person.

People who own or run money service businesses, trust or company service providers must pass a series of checks collectively known as the ‘fit and proper persons test’. The fee for this test is a one – off £100 per person. The range of people drawn into the fit and proper persons test is quite extensive, covering any director or officer, as well as senior managers and anyone who in effect directs the operation of the business.

Property allowance
Row Of Houses
Previous post
Budget for your tax bills
Calculating Budget Tax
Next post

326 thoughts on “Money laundering regulations”

  2. I got this web site from my buddy who told me on the
    topic of this web site and at the moment this time I am browsing this web
    site and reading very informative posts here.

  5. I do trust all of the ideas you have offered to your post.

    They are very convincing and can definitely work. Still, the posts are very
    short for beginners. May you please extend them a bit from next time?
    Thanks for the post.

  18. You really make it seem really easy along with your presentation but I to find this topic to be really one thing that I feel I might by no means understand.
    It sort of feels too complicated and extremely broad for me.
    I’m having a look ahead on your next post, I will try to get the dangle
    of it!

  33. Magnificent items from you, man. I have remember your stuff previous to and
    you are simply too great. I really like what you’ve bought right here,
    certainly like what you’re stating and the way during which you assert it.
    You make it enjoyable and you still take care of to keep it sensible.
    I can not wait to read much more from you.
    This is really a terrific web site.

  39. Great beat ! I would like to apprentice while you amend your
    site, how can i subscribe for a blog web site?
    The account helped me a acceptable deal. I had been a little bit
    acquainted of this your broadcast provided bright clear concept
    games ps4 allenferguson games ps4

  51. Thank you for the good writeup. It in fact was a amusement account it.
    Look advanced to more added agreeable from you! However,
    how could we communicate?

  55. I every time used to study piece of writing in news papers but now as I
    am a user of web thus from now I am using net for articles, thanks to web.

  74. We are a group of volunteers and opening a new scheme in our community.
    Your web site offered us with valuable info to work on. You have done a formidable job and our whole community will be grateful to you.
    asmr 0mniartist

  76. After I initially commented I appear to have clicked the -Notify me when new comments
    are added- checkbox and now whenever a comment is added I get four emails with the exact
    same comment. There has to be a means you can remove me
    from that service? Cheers! asmr 0mniartist

  79. I’m really loving the theme/design of your blog.
    Do you ever run into any web browser compatibility problems?
    A number of my blog visitors have complained about my site not operating correctly in Explorer
    but looks great in Opera. Do you have any tips to help fix this issue?
    0mniartist asmr

  90. Aw, this was a really nice post. Finding the time and actual effort to generate a top notch article…
    but what can I say… I put things off a lot and don’t seem to
    get anything done.

  94. I think that what you said was very logical. But, what about this?
    what if you wrote a catchier post title?
    I ain’t suggesting your information is not good,
    but suppose you added something to maybe get a person’s attention?
    I mean Money laundering regulations – Novakovic &
    Co is kinda plain. You could glance at Yahoo’s front page and see how
    they create news headlines to get viewers
    to open the links. You might add a related video or a picture or two to get
    people excited about everything’ve got to say. In my opinion, it would bring your website a little bit more interesting.

  97. What i do not understood is if truth be told how you’re not actually much
    more well-preferred than you might be right now.
    You’re so intelligent. You know therefore significantly in relation to this matter, made me individually imagine it from a lot of numerous angles.
    Its like men and women aren’t involved except it is something to
    accomplish with Lady gaga! Your individual stuffs nice.
    All the time care for it up!

  109. Have you ever heard of second life (sl for short). It is essentially a game where you can do anything you want. SL is literally my second life (pun intended lol). If you want to see more you can see these sl authors and blogs

  121. scoliosis
    Its like you read my mind! You appear to know so much about this, like you wrote the book
    in it or something. I think that you can do with some pics to drive
    the message home a little bit, but instead of that, this is excellent blog.
    An excellent read. I will definitely be back. scoliosis

  123. scoliosis
    Hello, There’s no doubt that your website may be having browser compatibility issues.

    Whenever I look at your web site in Safari, it looks fine however, when opening
    in I.E., it has some overlapping issues.
    I merely wanted to give you a quick heads up! Other than that, fantastic website!
    scoliosis

  124. Have you ever heard of second life (sl for short). It is basically a game where you can do anything you want. SL is literally my second life (pun intended lol). If you want to see more you can see these sl websites and blogs

  127. scoliosis
    I loved as much as you will receive carried out right here.
    The sketch is attractive, your authored material stylish.
    nonetheless, you command get got an impatience over that you wish
    be delivering the following. unwell unquestionably come further formerly again since exactly the
    same nearly very often inside case you shield this increase.
    scoliosis

  129. Have you ever heard of second life (sl for short). It is essentially a game where you can do anything you want. SL is literally my second life (pun intended lol). If you would like to see more you can see these Second Life websites and blogs

  130. free dating sites
    After looking at a handful of the blog articles on your web page,
    I truly like your way of writing a blog. I bookmarked it to my bookmark
    site list and will be checking back soon. Please visit my web site as well and let me know what you think.
    free dating sites

  131. Have you ever heard of second life (sl for short). It is basically a video game where you can do anything you want. Second life is literally my second life (pun intended lol). If you want to see more you can see these second life websites and blogs

  132. I don’t even know the way I ended up here, but I assumed this submit used to be great.
    I do not recognise who you are but certainly you are
    going to a well-known blogger when you are not already.
    Cheers!

  134. Have you ever heard of second life (sl for short). It is basically a video game where you can do anything you want. Second life is literally my second life (pun intended lol). If you would like to see more you can see these second life websites and blogs

  136. Generally I don’t learn article on blogs, however I would like to say that this write-up very forced me to
    check out and do it! Your writing style has been amazed me.

    Thanks, quite nice post.

  137. Have you ever heard of second life (sl for short). It is basically a online game where you can do anything you want. Second life is literally my second life (pun intended lol). If you would like to see more you can see these sl authors and blogs

  138. Have you ever heard of second life (sl for short). It is essentially a online game where you can do anything you want. SL is literally my second life (pun intended lol). If you want to see more you can see these Second Life authors and blogs

  139. Wonderful blog! Do you have any suggestions for
    aspiring writers? I’m planning to start my own site soon but I’m a little lost on everything.
    Would you recommend starting with a free platform like WordPress or go
    for a paid option? There are so many options out there
    that I’m totally overwhelmed .. Any recommendations?
    Bless you!

  140. Pingback: free america dating sites

  142. Have you ever heard of second life (sl for short). It is essentially a video game where you can do anything you want. Second life is literally my second life (pun intended lol). If you would like to see more you can see these sl websites and blogs

  146. Have you ever heard of second life (sl for short). It is basically a online game where you can do anything you want. sl is literally my second life (pun intended lol). If you want to see more you can see these second life websites and blogs

  151. Hi, I do think this is a great web site. I stumbledupon it 😉 I will
    return once again since i have saved as a favorite it. Money
    and freedom is the greatest way to change, may you be
    rich and continue to guide other people.

  152. Have you ever heard of second life (sl for short). It is essentially a game where you can do anything you want. sl is literally my second life (pun intended lol). If you want to see more you can see these Second Life authors and blogs

  171. Have you ever heard of second life (sl for short). It is basically a game where you can do anything you want. SL is literally my second life (pun intended lol). If you would like to see more you can see these Second Life websites and blogs

  172. Have you ever heard of second life (sl for short). It is basically a game where you can do anything you want. SL is literally my second life (pun intended lol). If you would like to see more you can see these Second Life articles and blogs

  177. Have you ever heard of second life (sl for short). It is basically a game where you can do anything you want. SL is literally my second life (pun intended lol). If you want to see more you can see these Second Life authors and blogs

  178. Have you ever heard of second life (sl for short). It is essentially a game where you can do anything you want. sl is literally my second life (pun intended lol). If you want to see more you can see these second life authors and blogs

  189. Have you ever heard of second life (sl for short). It is essentially a video game where you can do anything you want. sl is literally my second life (pun intended lol). If you would like to see more you can see these second life websites and blogs

  190. Have you ever heard of second life (sl for short). It is essentially a game where you can do anything you want. sl is literally my second life (pun intended lol). If you would like to see more you can see these sl websites and blogs

  193. Greetings! I know this is kinda off topic but I’d figured I’d ask.

    Would you be interested in trading links or maybe guest writing a blog post or vice-versa?

    My blog addresses a lot of the same subjects as
    yours and I think we could greatly benefit from each other.
    If you are interested feel free to shoot me an email.
    I look forward to hearing from you! Awesome blog by the way!

  194. Have you ever heard of second life (sl for short). It is essentially a video game where you can do anything you want. sl is literally my second life (pun intended lol). If you would like to see more you can see these second life articles and blogs

  195. Have you ever heard of second life (sl for short). It is essentially a video game where you can do anything you want. SL is literally my second life (pun intended lol). If you would like to see more you can see these second life articles and blogs

  198. Hello! I simply would like to offer you a huge thumbs up for your excellent info you’ve got
    here on this post. I will be returning to your site for
    more soon.

  206. I know this if off topic but I’m looking into starting my own weblog
    and was wondering what all is needed to get set up? I’m assuming having a blog like yours
    would cost a pretty penny? I’m not very web savvy so I’m not
    100% certain. Any suggestions or advice would be greatly appreciated.
    Kudos

  211. Pingback: keto meatloaf

  212. You’re so cool! I do not suppose I’ve truly read anything like that before.
    So great to find someone with unique thoughts on this subject matter.
    Really.. many thanks for starting this up. This web site is one thing that
    is required on the internet, someone with some originality!

  216. I know this if off topic but I’m looking into starting
    my own blog and was curious what all is needed to get setup?
    I’m assuming having a blog like yours would cost a pretty penny?
    I’m not very web savvy so I’m not 100% sure. Any recommendations or advice would be greatly appreciated.
    Thanks

  217. I really like what you guys are up too. This kind of clever work and reporting!

    Keep up the terrific works guys I’ve you guys
    to our blogroll.

  234. I don’t even know how I finished up here, but I thought this
    submit used to be great. I do not understand who you might be however certainly you are going to a famous blogger if you happen to are
    not already. Cheers!

  235. Great beat ! I wish to apprentice at the same time as you amend your web site, how could i
    subscribe for a weblog website? The account aided me a appropriate deal.
    I were a little bit familiar of this your broadcast provided vivid transparent concept

  242. Wonderful blog! I found it while surfing around on Yahoo News.
    Do you have any suggestions on how to get listed in Yahoo News?
    I’ve been trying for a while but I never seem to get there!
    Cheers

  247. You really make it seem so easy with your presentation but I
    find this matter to be actually something which I think
    I would never understand. It seems too complex and
    extremely broad for me. I am looking forward for your next post,
    I’ll try to get the hang of it!

  252. Wow, wonderful blog layout! How lengthy have you been blogging for? you make running a blog glance easy. The whole look of your web site is magnificent, as well as the content material!

  257. I am curious to find out what blog platform you happen to be using?
    I’m experiencing some minor security problems with my
    latest site and I’d like to find something more safe.
    Do you have any recommendations?

  262. I think this is one of the most vital information for me.
    And i am glad reading your article. But want to
    remark on some general things, The web site style is great, the articles is really
    great : D. Good job, cheers

  265. What you posted was very logical. However, consider this, suppose you composed
    a catchier post title? I am not saying your
    information isn’t good, however suppose you added something to possibly get folk’s attention? I mean Money laundering regulations – Novakovic &
    Co is a little plain. You should glance at Yahoo’s front page and watch how they create news headlines to
    get people to open the links. You might add a video or a related pic or
    two to get people excited about everything’ve got to say. Just my opinion, it could bring your posts a
    little bit more interesting.

  268. Very good blog! Do you have any helpful hints
    for aspiring writers? I’m planning to start my own blog soon but I’m a
    little lost on everything. Would you advise starting with a free platform like WordPress or go for a paid option?
    There are so many options out there that I’m completely confused ..
    Any suggestions? Kudos!

  270. Pingback: how to get cialis cheaper
  275. Pingback: viagra connect

  277. It’s really a great and useful piece of info. I am glad that you simply shared this useful info with us. Please stay us up to date like this. Thank you for sharing.

  292. Pingback: purchase viagra online
  303. Pingback: viagra price

  305. Good day! This post could not be written any better!

    Reading this post reminds me of my good old room mate!
    He always kept chatting about this. I will forward this write-up to him.
    Fairly certain he will have a good read. Thank you for sharing!
    ps4 games https://bit.ly/3z5HwTp ps4 games

  309. Pingback: generic viagra canada
  313. Pingback: viagra buy
  315. Pingback: viagra generic online
  321. Pingback: order cialis
  326. Pingback: cialis india

Leave a Reply

Your email address will not be published.