Revenue & Customs Brief 15/08

Money Laundering Regulations (MLR) 2007: How HMRC will handle late applications to apply to re- register under the MLR 2007

HM Revenue & Customs (HMRC) have today announced that all existing Money Service Businesses (MSBs) should now have submitted their application forms to re-register under the MLR 2007 along with their fit and proper test application forms and appropriate fees.

After Friday 14 March 08 HMRC will cancel the registration of any businesses who have not submitted their application forms. If you have not applied to re-register and you continue to trade after this date, you will face penalty action or prosecution.

To continue to trade you must send your application forms and relevant fees to the address below by 14 March. If you apply to re-register after 14 March you will be treated as a new business. You will have to pay registration fees in addition to the fit and proper fee and will not be able to trade legally until your application has been processed which can be up to 45 days after your application has been received.

If you do not wish your registration to continue, you need to notify the MLR registration team in Southend on Sea in writing to avoid any un-necessary action being taken by HMRC for failing to re-register.

Their address is:
9th Floor
Alexander House
21 Victoria Avenue
Southend on Sea
Essex
SS99 1AG

We have provided guidance for registering with HMRC in our MLR 9 Guide to Registration. Also Forms and guidance on how to complete them are available to help businesses.

For further information please see our Money Laundering Regulations section.

Issued 05 March 2008