High Value Dealers (HVDs)

High Value Dealers or HVDs are businesses that deal in goods and accept (or are prepared to accept) a payment or payments in cash of at least 15,000 euros in total, whether the transaction is executed in a single operation or in several operations that appear to be linked. For an indication of the £ sterling equivalent of 15,000 euros we recommend you check our Rates of Exchange for Customs and Vat purposes and divide 15,000 by the Euro figure stated.

If you are a High Value Dealer you need to:

  • put anti money laundering systems in place so that you can identify and prevent money laundering and report any suspicious transactions
  • register with us - failure to register with HMRC before beginning to trade and/or accepting high value payments (over 15,000 euros) will result in a penalty
  • pay an annual fee based on the number of premises through which you trade
  • report changes during the registration year

Full information about registration can be found in MLR 9: Guide to Registration (Money Laundering Regulations 2007) (PDF 1MB)

To help you register you can find our forms with guidance notes explaining how to complete them in our forms section. Please ensure you complete your forms carefully and accurately before signing the declaration. We recommend you check your forms carefully before sending them to us, as any errors or missing information may cause a delay in processing your application.

Help and guidance

We have produced a guide to the prevention of money laundering and terrorist financing which contains information on the anti money laundering controls you will need to put in place.