HMAG140400 - Notification of cash transactions: assurance of the scheme

General information

Officers are expected to examine the financial and commercial credibility of traders . A traders’ attitude towards arrangements for the receipt and handling of cash may provide a strong indication of the level of risk they represent. Their attitude to notification of cash payments and the information they provide (or do not provide) on form W7 (PDF 43kb) should always be considered when carrying out a credibility assessment of a trader.

Notification of cash payment being made for alcoholic goods is just one of a number of risk indicators which may result in a request for assurance activity to take place. The receipt of a single notification may result in an urgent request being made to verify or impose controls upon alcoholic goods. Analysis of W7 information over a period of time may result in assurance activity taking place.

What cash related checks are recommended as part of a general audit visit to an alcohol trader?

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Recommended checks where goods remain within the warehouse

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Recommended checks where goods have been despatched from the warehouse

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