Identifying counterfeit euros
- consultation decision
HM Treasury has published a report about the regulations
requiring Currency Exchange Offices and Money Transmitters
to have procedures in place selectively to check euro notes
and coins using an approved method.
HM Treasury Annual Report on Anti-Money
Laundering and Counter Terrorist Finance Supervision
HM Treasury has published its annual report on anti money
laundering and counter terrorist financing and an update of
its review of the ML Regulations. You can find these publications
on their internet pages.
ID cards for foreign nationals
issued by UKBA
This is to clarify that ID cards for foreign nationals was
the previous name for Biometric Residence Permits which are
still issued as a form of ID by UKBA.
Urgent announcement for MSBs
- HM Treasury issue a Counter Terrorism Act Direction
MSBs need to take immediate action to make sure they are aware
of and if appropriate act on the requirements of this Direction.
HM Revenue & Customs have additional guidance to help
you.
Identification
guidance for customers using Money Services Businesses and
bureau de change
Guidance for customers is now available in a number of languages
that explains what information customers must supply these
businesses in order to comply with the Money Laundering Regulations
Top
Ten Tips' for the Accountancy Sector on filing effective Suspicious
Activity Reports (PDF 1.5MB) (Opens new window)
A report containing top ten tips for accountants on filing
effective Suspicious Activity Reports has been published on
the Serious Organised Crime Agency website. it contains useful
information for anyone registered with HMRC under Money Laundering
Regulations.
HMRC's performance as a
supervisor under the Money Laundering Regulations (PDF 64K)
HMRC has now published its annual Anti-Money Laundering Annual
Report to HM Treasury.
HMRC Responds to HM Treasury's
review of the Money Laundering Regulations (PDF 88K)
HMRC has today published its contribution to the Treasury’s
consultation on possible changes to the Money Laundering Regulations.
Money Laundering Regulations cease
to apply to stocktakers from 1 October 2011
Stocktakers who do not offer bookkeeping or other accountancy
services will not be within the scope of the Money Laundering
regulations from 1 October 2011 and must apply to HM Revenue
& Customs to deregister in order to benefit from this
exemption.
Guidance on transmitting
charitable donations
A reminder of the risk of charitable donations being used
as a cover for terrorist or criminal money laundering and
how money transmittors should do checks to prevent such.
Money Laundering Regulations
- update on technical workshops
Workshops on Money Laundering Regulations are being temporarily
withdrawn pending a review of services.
Money Laundering Regulations
– pilot exercise using return form
HM Revenue & Customs are running a pilot exercise to test
the value of using risk returns.
Important notice for businesses
carrying out money transmission
Businesses carrying out money transmission need to be registered
with or authorised by the FSA (Financial Services Authority)
in order to lawfully provide payment services.
Money
Laundering Regulations (MLR) annual fee (Opens new window)
The annual registration fee for businesses will remain at
£110 until 31 May 2012.
Money Laundering Regulations:
sector-specific registration guidance
Registration guidance for specific businesses sectors supervised
by HM Revenue & Customs under Money Laundering Regulations
is now available.
Money Laundering
Regulations - improvements to registration form and guidance
The form used to register under the Money Laundering Regulations
(MLR 100) and the accompanying guidance has now been improved
to make it easier to register with HM Revenue & Customs.
You can download form MLR 100 from this website and either,
fill in the form on screen and then print it, or you can print
it and then fill it in by hand. Filling it in on screen is
the recommended option.
Survey of businesses registered with
HMRC under Money Laundering Regulations
Businesses registered with HMRC under the Money Laundering
Regulations may be contacted between now and 8 April 2011
by researchers carrying out a survey on behalf of HMRC.
Financial sanctions
imposed on Libya, Zimbabwe, Al-Qaida and the Taliban
Notice to draw businesses attention to new sanctions announced
by Government against regimes in Libya and Zimbabwe as well
as supporters of Al Qaida and Taliban.
Money laundering risks from
politically exposed persons
Reminder about risks of money laundering posed by politically
exposed persons.
Customer survey of businesses
registered with HMRC under the Money Laundering Regulations
Notification to customers that HMRC will be conducting a survey
of businesses shortly.
Customer due diligence identity
checks - unacceptable documents
Confirmation that seafarers identification cards are not an
acceptable form of identification for busineses carrying out
identification checks under the Money Laundering Regulations.
Supervision of small electronic
money issuers moves to Financial Services Authority (FSA)
Small electronic money issuers will now be supervised under
Money Laundering Regulations by the Financial Services Authority.
Money Laundering Regulations
technical workshop events
HM Revenue & Customs (HMRC) are planning technical workshops
for Accountancy Service Providers and Money Service Businesses
in London and other locations across the UK to provide help
in understanding how to comply with Money Laundering Regulations
(MLR).
Money Service Businesses
Online Register review
In October 2010, HM Revenue and Customs (HMRC) carried out
a review of the Money Service Business (MSB) register to find
out how easy it is to use and whether it is useful or not.
Pilot scheme to give law enforcement
agencies access to MSB register
HMRC has started to pilot a scheme to give law enforcement
agencies access to HMRC's register of money service busineses
(MSBs).
