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HMRC internal manual

Money Laundering Regulations: Compliance

HM Revenue & Customs
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Legislation: Checking MSBs compliance with the MLRs 2007

You should assess the risk posed by any consumer credit activities as well as the MSB activities when identifying risk and planning any educational activity or any checking or testing of the MSBs systems either desk based or by means of a visit, to ensure that resources are focused on areas of risk.

You must make sure that all the consumer credit activities are:

  • included in the business’s risk assessment of its products services and customers and
  • covered by their anti money laundering systems and processes.