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HMRC internal manual

MLR1 Penalties Guidance

MLR1 Penalties Guidance: The scope of this guidance: background information

This guidance is effective from 26 June 2017 and replaces the guidance for the 2007 Regulations. The 2007 Regulations were repealed with effect from 26 June 2017.

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 are referred to throughout this guidance as ‘the Regulations’.

In line with the other Anti money laundering (AML) supervisors, HMRC have adopted the principles of good regulation set out in the Compliance Code.

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This guidance provides a complete explanation of:

  • the ways we can encourage compliance with the Regulations. See MLR1PP3000 
  • how a penalty is calculated. See MLR1PP8000 
  • escalated sanctions for non-compliance. See MLR1PP12000 

This guidance does not apply to any other penalties issued by HMRC.