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HMRC internal manual

Money Laundering Regulations: Registration

From
HM Revenue & Customs
Updated
, see all updates

Registration Process for MSBs/TCSPs: Table 2 The Fit and Proper Test Process

Registration Team: Carry out Identity Checks

Action Details
   
Verify ID Carry out checks to verify applicant’s ID from information provided on F&P application
ID checks satisfactory Create record on F&P database

Ask RIS to carry out F&P test

Monitor daily report of completed F&P checks to ensure checks completed within 21 days    
  ID checks unsatisfactory Request applicant to provide further information / documentary evidence of ID
Monitor response within 21 days    
  Evidence of ID provided: ID check satisfactory Create record on F&P database

Ask RIS to carry out F&P test

Monitor daily report of completed F&P checks to ensure checks completed within 21 days  
  Further information / evidence of ID not provided
Second ID check unsatisfactory Monitor response, allowing a further period of 21 days before staff instructed to move to reject the application
Fail the application    
  Unable to verify ID Update record on F&P database
Issue letter notifying applicant / business of rejection of application