The Economic Crime (Anti-Money Laundering) Levy is a fixed fee paid by large and medium sized entities subject to the Money Laundering Regulations and based on entity size. Small entities are  exempt from the Levy. 

  • The levy will first be charged on entities that are regulated during the financial year from 1 April 2022 to 31 March 2023.
  • The amount payable will be determined by reference to their size based on their UK revenue from periods of account ending in that year.
  • First payments will be due in the financial year 1 April 2023 to 31 March 2024.
  • No tax relief is given for the cost of the levy for the purposes of Income Tax or Corporation Tax.
  • The levy will be paid as a fixed fee based on the size band an AML-regulated entity falls into based on their UK revenue.
  • The levy applies to partnerships as well as companies.


UK revenue



Under £10.2m



£10.2m and £36m

£5,000 to £15,000


(£36m - £1bn)

£30,000 to £50,000

Very large

Over £1bn

£150,000 to £250,000


Sums payable are to be proportionately adjusted if the relevant accounting period of the entity is a period other than 12 months or is unregulated for part of the period.

The sectors that the government expects that will be impacted are:

  • Credit institutions.
  • Financial institutions.
  • Auditors, insolvency practitioners, external accountants and tax advisers.
  • Independent legal professionals.
  • Trust or company service providers.
  • Estate agents and letting agents.
  • High-value dealers, casinos, auction platforms and art market participants.
  • Cryptoasset exchange providers and custodian wallet providers.

The levy will be collected by the three public sector AML statutory supervisors: the Financial Conduct Authority, HM Revenue & Customs and the Gambling Commission.

External links

HMRC Economic Crime (Anti-Money Laundering) Levy

Draft legislation and explanatory notes

Policy Paper Economic Crime (Anti-Money Laundering) Levy

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