Category: HMRC

HMRC Anti-Money Laundering Supervision annual assessment

1) Summary1.1 Certain types of legitimate business services can be attractive to criminals, who exploit them to launder money or finance terrorism. Life is made easier for criminals when insufficient controls are in place. It is therefore essential that businesses put in place adequate measures to prevent criminals from using their services to launder money and finance terrorism. 1.2 HMRC is one of 25 Anti-Money Laundering (AML) supervisors in the UK. HMRC delivers its supervisory responsibility through its Anti-Money Laundering Supervisory (AMLS) teams. HMRC helps ensure that businesses comply with the current Money Laundering, Terrorist Financing and Transfer of Funds… Read More