MLR1PP2100 - MLR1 Penalties Guidance: Other help and guidance for customers and staff

This guidance does not provide a complete explanation of some penalty related matters, such as:

• How a breach of the Regulations is identified
• What anti-money laundering measures businesses must adopt
• The steps our Officers should follow when visiting a business

These are fully covered in the guidance and legislation listed below:

• Money Laundering Regulations 2007 (SI 2157)
• The Transfer of Funds (Information on Payer) Regulations 2007 (SI 3298) - Referred to as the Payments Regulation in this guidance
• EU Payments Regulation
• Proceeds of Crime Act 2002 (as amended)
• Anti-terrorism, Crime and Security Act 2001
• Compliance Guidance (HMRC MLR3)
• Public guide to the prevention of money laundering (HMRC MLR8)
• Public guide to Registration (HMRC MLR9)
• Consultative Committee of Accountancy Bodies (CCAB) Guidance for ASPs