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HMRC internal manual

Money Laundering Regulations: Registration

From
HM Revenue & Customs
Updated
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Fit and Proper Test: Individuals not fit and proper after registration

Regulation 28 (2) (e) and (f) states that an individual is not a fit and proper person if they have consistently failed to comply with MLR2007, 2003, 2001 or the EU regulations on information on the payer accompanying the transfer of funds (Payment Regulations).

Regulation 28 (2) (g) states that an individual is not a fit and proper person if they have effectively directed a business which has consistently failed to comply with MLR 2007, 2003, 2001 or the EU regulations on information on the payer accompanying the transfer of funds (Payment Regulations).

An individual requiring fit and proper status may, when they apply, meet all the criteria to pass the test. This does not mean that fit and proper status cannot be withdrawn if the individual’s circumstances change.

The circumstances where we would consider withdrawal of F&P status, and the process for reporting cases for consideration, are set out in the Penalties Guidance MLR1. See MLR1PP12000