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HMRC internal manual

Money Laundering Regulations: Compliance

From
HM Revenue & Customs
Updated
, see all updates

Legislation: Visits to MSBs carrying out consumer credit activities

As the likelihood of money laundering taking place through a cheque casher is low and with the requirement for the fit and proper test the risk has further decreased, it is unlikely that you will visit a cheque casher, unless it also carries out high risk activities such as a bureau de change or money transmission.

You should be aware that it is a criminal offence to carry out any activity that requires a consumer credit licence, without a licence.