ECSH43510 - Exclusions and exemptions: introduction

As set out in ECSH40500, any business undertaking relevant activity is required to register for supervision. If a business is undertaking relevant activity within one of the sectors listed and is not registered with another supervisor, it must be registered with HMRC for anti-money laundering supervision.

However, there are limited circumstances in which a business may be exempt from registration, i.e. where it meets the criteria for exclusion under regulation 15 of The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017). Further details of this can be found in ECSH43520. Where there is an exemption based on the business activity undertaken in a particular sector, please see: