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HMRC internal manual

MLR1 Penalties Guidance

MLR1 Penalties Guidance: Other help and guidance for customers and staff

This guidance is not meant to provide an explanation of penalty related matters, such as:

  • how a breach of the Regulations is identified
  • what anti-money laundering measures businesses must adopt
  • the steps our Officers should follow when visiting a business

These are fully covered in the legislation and guidance listed below:

Legislation:

  • Anti-terrorism, Crime and Security Act 2001
  • Proceeds of Crime Act 2002 (as amended)
  • The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
  • Payment Services Regulations 2017
  • Regulation (EU) 2015/847 on information accompanying transfers of funds (the Payments Regulation)
  • The Counter Terrorism Act 2008

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Guidance:

  • Compliance Guidance (HMRC MLR3)
  • Sector specific Anti Money Laundering Guidance
  • Sector specific Registration Guidance
  • Consultative Committee of Accountancy Bodies (CCAB) Guidance for ASPs