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HMRC internal manual

Money Laundering Regulations: Compliance

HM Revenue & Customs
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Legislation: Regulations specific to the payment service provider of the payee

  • Failure in detection of (to require) missing information from the PSP of the payer
  • Failure to take steps to obtain information on the payer, involving transfers of funds with missing or incomplete information
  • Failure to report e.g. Where a PSP regularly fails to supply the required information on the payer
  • Failure to keep required records