Guidance

High value dealer guidance for money laundering supervision

How to recognise risks to prevent money laundering, terrorist financing and proliferation financing if you are a high value dealer.

From:
HM Revenue & Customs
Published
16 July 2010
Last updated
14 November 2025 — See all updates

Documents

Money laundering supervision guidance for high value dealers

ODT, 146 KB

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Risks common to all high value dealers

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Details

Under regulations 17 and 47 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, all high value dealers must carry out a risk assessment. This must be done in line with regulations 18 and 18A to identify and assess the risks to their business for:

  • money laundering
  • terrorist financing
  • proliferation financing

High value dealers must meet their requirements for money laundering supervision, including:

  • customer due diligence
  • record keeping
  • reporting suspicious activity

Updates to this page

Published 16 July 2010
Last updated 14 November 2025 show all updates

  1. Guidance about risks common to all high value dealers has been added.

  2. The guidance has been amended with the latest updates to the Money Laundering Regulations.

  3. The guidance has been amended with the latest updates to the Money Laundering Regulations.

  4. The guidance has been amended with the latest updates to the Money Laundering Regulations.

  5. A link to 'Money laundering: understanding risks and taking action for high value dealers' has been added.

  6. Guidance about customer due diligence checks at paragraph 4.8 has been updated.

  7. This guidance has been finalised on 7 March 2018 and has been approved by HM Treasury.

  8. This guidance has been updated to reflect legislation changes effective from 26 June 2017.

  9. First published.

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