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Money laundering


Guidance for trust and company service providers

Trust and company service providers (TCSPs) are at a high risk of being used for money laundering or terrorist financing.

Compliance with the regulations and preventing money laundering Q&A

Answers to a number of common questions about preventing money laundering and compliance with The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ('the regulations').

Guidance on desk-based reviews

As part of our risk-based supervisory work, we carry out desk-based reviews (DBRs) to ensure firms in scope of the MLRs are complying with their legal obligations under the legislation.

Your AML obligations

Supporting material to help you understand your money laundering obligations and stay compliant.

Completing the client and matter risk template

Help using the risk assessment template

What does my firm need to do?

If your firm is intending to offer any of the services in scope, you need to get approval from us for the relevant people as defined in the regulations and tell us what services you are providing (eg TCSP work) first.

Guidance on our firm inspections

We visit more firms rated as high risk but also low and medium-risk firms. Just because we are visiting does not necessarily mean we consider your firm to be high risk of a target for money laundering.

Your obligations to report breaches of the AML regulations

The guidance on this page concerns reporting serious breaches of the Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (the MLRs) to us and your obligations to do so.

The scope of the money laundering regulations

The activities in scope of AML requirements are set by the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended) (“the regulations”).

Guidance for new Money Laundering Compliance Officers (MLCOs) and Money Laundering Reporting Officers (MLROs)

MLCO and MLRO are the two anti-money laundering roles set out in the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the regulations).