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HMRC internal manual

Money Laundering Regulations: Registration

Refusing an Application for Registration: Refusing Registration

We may refuse to register a business for the following reasons:

  • failure to comply with any of the requirements imposed on them under Regulation 57
  • information provided is false or misleading
  • failure to pay a penalty, fees or charges under the MLR 2007 or MLR 2017
  • a supervisory authority opposes an application for registration on reasonable grounds
  • it is suspected, on reasonable grounds, that the business, officer or manager will fail to comply with any obligations under the regulations, part 3 of the Terrorism Act 2000 and Parts 7 and 8 of the Proceeds of Crime Act 2002.

We must refuse to register a business if:

  • in relation to an MSB or TCSP where a person who needs to be tested is not fit and proper

While a conviction for a relevant offence is not specifically mentioned in relation to registration, a person with a conviction will mean the consequence that they are either not fit and proper or there are reasonable grounds to suspect they will not comply with the Regulations by trading without HMRC r26 approval,