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This publication is available at https://www.gov.uk/government/publications/businesses-not-complying-with-money-laundering-regulations-in-2018-to-2019/current-list-of-businesses-that-have-not-complied-with-the-2017-money-laundering-regulations
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.
Entries on the list represent businesses that received a penalty notice between 26 June 2017 and 31 July 2018. 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
1. Full publication
1.1 Compliance and registration penalties
|Business name||Registered address||Regulation breach||Description||Penalty amount||Appeal status|
|Delta Tax Agents Ltd||18 Cote Farm Lane, Bradford, BD10 8WH||Regs 18, 19(1), 27(1), 28(16)||These breaches are failures in carrying out risk assessments; having the correct policies, controls and procedures; and conducting due diligence||£5,991.85||No appeal|
|Sheridans Ltd||88/89 Whiting Street, Bury St Edmunds, Suffolk, IP33 1NX||Regs 27, 28, 30, 40||These breaches are failures in conducting due diligence; verification of identity and proper record keeping||£3,553.00||No appeal|
|Vail Williams LLP||550 Thames Valley Park, Reading, RG6 1RA||Regs 18(1), 18 (4), 19 (1) (b), 19(1)(c)(ii), 27(1)(a), 28(4), 28 (16) & 24||These breaches are failures in carrying out risk assessments; having the correct policies, controls and procedures; and conducting due diligence and staff training||£3,461.54||No appeal|
|EZI Tax Ltd||Suite 27, Craven Park Tec, Preston Road, Hull, HU9 5HE||Reg 66||This breach is for failing to provide requested information or documents.||£500.00||No appeal|
Please refer to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 for detailed descriptions of the breaches.
2. Anonymous publication
HMRC has decided that publishing the full identity of the business or individual would be disproportionate and is publishing anonymously.
There are no details published for this period.
3. Minor penalties
HMRC has decided not to publish in full or anonymously because the penalty is of a minor nature or could affect the stability of financial markets.
3.1 The total number and value for this period.
|Total number of minor penalties||Total value of minor penalties|
4. Total penalties under the 2007 regulations
HMRC may issue penalties under the 2007 regulations if the breach occurred prior to June 2017.
The total number and value of these penalties for this period:
|Total number of 2007 penalties||Total value of 2007 penalties|
Please note: the total number or value of penalties may change to reflect the outcome of appeals or reviews.