HMRC have updated their guidance ‘Money Laundering Regulations: business inspections’.

If you are registered with HMRC under the Money Laundering Regulations they may check your compliance through a site visit or office based check.

HMRC’s guidance sets out why they may check the compliance of your business and what to expect if they do.

This guidance has been updated to cover two new areas:

  • Office based compliance checks: HMRC may decide to conduct their checks via a phone call or desk based check rather than a visit.
  • After a compliance check: HMRC will write to you setting out any action you need to take and whether you may be liable to a penalty.


Our subscriber guides:

Money Laundering Regulations: Accountants’ Registration

Money Laundering Checks: know your client

HMRC’s guidance can be found here