Businesses that have not complied with the regulations, and suspensions and cancellations of registration (2020 to 2021).
Updated 17 April 2024
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As a supervisor of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, which came into effect on 26 June 2017, HMRC has a duty to publish details of businesses that do not comply with the regulations.
The published address is the one that the business or individual registered with HMRC for anti-money laundering supervision.
Please be aware that:
- the published person may have changed their behaviour
- the published person may no longer be based at the published address
- the business currently at the published address may have no connection with the published business
- the business currently at the published address may have the same name as the published business but could be under new, and completely different, management
Full publication
Compliance and registration penalties
Businesses that received a penalty notice between 1 February 2021 and 30 March 2021
| Business name and supervised sector | Registered address | Regulation breach | Description | Penalty amount | Appeal status |
|---|---|---|---|---|---|
| Jess Simpson Ltd Estate Agent Business (EAB) | Monks Farm Newbury Road East Hendred Wantage OX12 8LG | 56 | This breach is for failing to apply for registration at the required time. | £6,300 | |
| Arslen Hussain T/A Ghousia Food Store Money Service Business (MSB) | 280- 282 Gladstone Street Peterborough PE1 2BS | 66 | This breach is for failure to provide requested information or documents. | £1,000 | |
| Neelam Amand MSB | Suncheck Centre 17 Woburn Place Camden London WC1H 0LU | 57 | This breach is for failure to notify changes/correct inaccuracies. | £5,000 |
Businesses that received a penalty notice between 1 October 2020 and 31 January 2021
| Business name and supervised sector | Registered address | Regulation breach | Description | Penalty amount | Appeal status |
|---|---|---|---|---|---|
| Irfan Ltd MSB | Suite 111 Rex House 354 Ballards Lane N12 0DD | 18, 19, 27, 28, 33, 35 40 | These breaches are failures in carrying out risk assessments; having the correct policies, controls and procedures; conducting due diligence; and record keeping. | £524,000* | No appeal |
| Peter Hadfield Flavell (APS) | 49 Arnolds Crescent Newbold Verdon Leicester LE9 9LD | 18, 19, 27, 28, 35 | These breaches are failures in carrying out risk assessments; having the correct policies, controls and procedures; and conducting due diligence. | £7,473 | No appeal |
*We have issued a new penalty framework for MSBs, HVDs and AMPs and applied the new framework to the breaches, resulting in a reduced penalty of £524,000 that was issued on 20 January 2022.
Businesses that received a penalty notice between 1 February 2020 and 30 September 2020
| Business name and supervised sector | Registered address | Regulation breach | Description | Penalty amount | Appeal status |
|---|---|---|---|---|---|
| MT Global Ltd Money Service Business (MSB) | 75a Crawley Road Luton LU1 1HX | 18, 19, 24, 27, 28, 33, 40 | These breaches are failures in carrying out risk assessments; having the correct policies, controls and procedures; conducting due diligence; and record keeping. | £1,395804* | Appeal received |
| Company Address Services Ltd Trust or Company Service Provider (TCSP) | 35-37 Ludgate Hill London EC4M 7JN | 18, 19, 24, 27, 28, 35 | These breaches are failures in carrying out risk assessments; having the correct policies, controls and procedures; and conducting due diligence. | £2,500 | |
| Landmark Sales and Lettings Ltd Estate Agency Business (EAB) | 50A London Street Reading RG1 4SQ | 28, 30 | These breaches are failures in conducting due diligence; and timing of verification. | £5,250 | |
| Robert Holmes & Company (Coombe) Ltd EAB | 360 Coombe Lane West Wimbledon London SW20 0RJ | 19, 21, 27, 28, 30, 33, 35 | These breaches are failures in having the correct policies, controls and procedures; internal controls; conducting due diligence and timing of verification. | £6,591 |
*We have issued a new penalty framework for MSBs, HVDs and AMPs and applied the new framework to the breaches, resulting in a reduced penalty of £1,994,007 that was issued on 12 November 2021. Penalty revised to £1,395,804
Prohibition on Management (Regulation 78)
Persons on whom a Prohibition on Management has been imposed under Regulation 78, legally preventing them from holding an office or management role that involves responsibility and decision making in relation to a defined entity.
See prohibitions made during 2019 to 2020.
See prohibitions made during 2018 to 2019.
Anonymous publication
None for the period.
Minor penalties
Aggregate minor penalty totals 2017 MLRs
| Total number of minor penalties | Total value of minor penalties |
|---|---|
| 8 | £6,000 |
Total penalties under the 2007 regulations
| Total number | Total value |
|---|---|
| None | Nil |
Suspensions and cancellations of registration
Businesses registered for anti-money laundering with HMRC whose registrations have been suspended or cancelled by HMRC.
Suspensions
| Business name and supervised sector | Registered address | Suspended from | Suspended to | Appeal status |
|---|---|---|---|---|
| BP Remit Limited MSB | 1 Northumberland Avenue Office 301 Trafalgar Square London WC2N 5BW | 1/4/2021 | 1/10/2021 | Appeal withdrawn |
| Xpress Money Services Limited T/A Xpress Money MSB | Level 10 One Canada Square Canary Wharf London E14 5AB | 7/4/2021 | 6/10/2021 | |
| Money Movers Ltd MSB | Unit 7 60-66 The Broadway Southall UB1 1QB | 22/07/2020 | 22/01/2021 | |
| New Ariana Exchange Ltd MSB | 86-94 Ashley House High Street Hounslow Middlesex TW3 1NH | 08/07/2020 | 08/01/2021 | |
| Irfan Ltd MSB | Suite 11 Rex House 354 Ballards Lane North Finchley N12 0DD | 05/08/2020 | 05/02/2021 |
Cancellations
| Business name and supervised sector | Registered address | Date of cancellation | Appeal status |
|---|---|---|---|
| Vincent – S Limited | 106 Edward Avenue Leicester LE2 2PD | 11/02/2021 | |
| Michael Anthony Gordon ASP | 133 Utting Avenue East, Liverpool L11 5AB | 09/03/2021 | |
| Delta Tax Agents Limited ASP | 18 Cote Farm Lane, Thackley, Bradford, BD10 8WH | 19/03/2021 | |
| Jark-1 Limited EAB | Capital House, 6 Webster Court, Warrington, WA5 8WD | 21/03/2021 | |
| Alexander Charles and Browne Ltd Estate Agency Business (EAB) | 11 Dartmouth Road London SE23 3HN | 05/11/20 | |
| Somexchange Ltd Money Service Business (MSB) | 191 Ground Floor Praed Street London EC1Y 4YX | 09/10/20 | Appeal withdrawn |
| Horjoog Services Ltd MSB | Unit 2 226 Seven Sisters Road London W4 2NX | 09/10/20 | |
| Sumer 62 Ltd MSB | Flat 46 Myredale Lodge 415 Edgware Road London NW2 6FA | 10/10/20 | |
| Trevor Vernon Lloyd MSB | 2 Jasmine Gardens Hatfield AL10 0BQ | 10/10/20 | |
| Halford Brown MSB | 2 Camden Road Camden Town London NW1 9DL | 27/11/20 | |
| Zachary Elliot EAB | 82A Dene Park Harrogate North Yorkshire HG1 4JY | 04/12/20 | |
| Money Movers Ltd MSB | Unit 7 60-66 The Broadway Southall UB1 1QB | 22/01/21 | |
| Andrew Trenholm Richards Accountancy Service Provider (ASP) | 11 Alnmouth Drive Redcar TS10 2TD | 14/01/21 | |
| Yours City Exchange Ltd MSB | Unit 58 in shops 70-73 The Mall The Stratford Centre London E15 1XQ | 19/12/20 | |
| Fast Remit Ltd MSB | 78 Water Street Radcliffe Manchester M26 4DF | 19/12/20 | |
| Surelet Hemel Hempstead Ltd EAB | Pilgrim House Packhorse Road Gerrards Cross Buckinghamshire SL9 7QE | 15/01/21 | |
| Alizai Exchange Ltd MSB | 865B High Road North Finchley London N12 8BT | 25/01/21 | |
| New Ariana Exchange Ltd MSB | 86-94 Ashley House High Street Hounslow Middlesex TW3 1NH | 21/12/20 | |
| Ruth Berridge Accountancy Service Provider | 8 Fasson Close Tamworth B77 1GJ | 01/03/2020 | |
| Newlinks London Ltd MSB | First Floor 459 Finchley Road Hampstead London NW3 6HN | 14/03/2020 | |
| Somajegian Somasegaram MSB | 326 Mitcham Road Croydon CR0 3JN | 21/02/2020 | |
| MT Global Ltd MSB | 75a Crawley Road Luton LU1 1HX | 15/05/2020 | Appeal received |
| Herat Money Services Ltd MSB | 3 Broadway Parade Coldharbour Lane Hayes UB3 3HE | 06/07/2020 | |
| Zaam Foreign Exchange Ltd MSB | 238 Spring Bank Hull HU3 1LU | 17/07/2020 | |
| Universal Exchange Ltd MSB | Pearl Oyster Douglas Avenue Wembley HA0 4DT | 20/08/2020 | |
| Tung Duong (Tony Duong) MSB | 80 Shaftesbury Avenue Piccadilly London W1D 6NF | 28/08/2020 | |
| Sivapathasuntharam Sivaganesan MSB | 58 Marten Road Walthamstow London E17 4NN | 22/08/2020 | |
| St Ermins Operating (UK) Ltd MSB | 3rd Floor 24 Chiswell Street London EC1Y 4YX | 18/09/2020 |