Guidance

The fit and proper test and HMRC approval technical guidance

Find out about the money laundering supervision fit and proper test and HMRC approval.

Documents

Details

This technical guide explains:

  • the fit and proper test
  • the approval process and who it applies to
  • how to apply
  • what happens if anyone fails the test or is not approved
  • what to do when there are changes to the personnel of your business
Published 26 June 2017
Last updated 15 September 2020 + show all updates
  1. Approval by HMRC - bulleted list updated.

  2. 'Art market participant' has been added to the list of business sectors that must be approved by HMRC.

  3. Updated about the responsibility of a money service business to make sure their agents and the agent’s beneficial owners, officers and senior managers are fit and proper.

  4. First published.