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HMRC internal manual

Money Laundering Regulations: Compliance

From
HM Revenue & Customs
Updated
, see all updates

Legislation: Regulations specific to the payment service provider of the payer

  • Failure to provide complete information accompanying transfers of funds within the EEA However, where both the service provider of the payer and payment service provider of the payee are situated in the Community certain conditions apply.
  • Failure to obtain verification of complete information on the payer
  • Failure to keep records of the details of transactions, including the complete information on the payer for five years
  • Failure to provide complete information on the payer following a request