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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/list-of-businesses-for-tax-year-2019-to-2020-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.
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
Entries on the list are businesses that received a penalty notice between 6 April 2019 and 31 July 2019.
|Business name||Registered address||Regulation breach||Description||Penalty amount||Appeal status|
|Touma Foreign Exchange Ltd||484 Greenford Road, London, UB6 8SJ||18(1), 18(4), 19(1), 24(1) 27(1) 28(2), 28(3), 28(4), 33(1), 35(1), 40(1)||These breaches are failures in carrying out risk assessment, having the correct policies controls and procedures, staff training, customer due diligence and record keeping.||£7,832,155||No appeal|
|Emoov Ltd (Emoov went in to administration in December 2018 and the company now owning the Emoov brand name was not involved in the breaches)||Copenhagen House, Fourth Floor, 5-10 Bury Street, London, EC3A 5AT||19(1), 27, 28, 33(1)||These breaches are failures in having the correct policies, controls and procedures and failures in conducting due diligence.||£3,721||No appeal|
|J M Bowes||2 Willingstone Cottages, Moretonhampstead, Newton Abbott, TQ13 8PY||66||This breach is for failure to provide requested information or documents.||£500||No appeal|
|Lloyd Scott Evans||2 Cedar Close, Twyn, Merthyr Tydfil, CF47 0LX||66||This breach is for failure to provide requested information or documents.||£500||No appeal|
|Next4UK Consulting Ltd||Room 13, 19-21 Eastern Road, Romford, RM1 3NH||66||This breach is for failure to provide requested information or documents.||£500||No appeal|
2. 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.
Prohibition from 5 July 2019 to 4 July 2024: Mr Hassanien Touma, 45 Daryngton Drive, Greenford UB6 8BQ
3. Anonymous publication
None for the period.
4. Minor penalties
4.1 Total number and value for the period
Total number and value from 6 April 2019 to 31 July 2019
|Total number of minor penalties||Total value of minor penalties|
4.2 Total penalties under the 2007 regulations
Total number and value of these penalties from 6 April 2019 to 31 July 2019
|Total number of 2007 penalties||Total value of 2007 penalties|