ECSH43545 | Registration exemptions by sector: High value dealers

A business does not need to register as a high value dealer (HVD) for anti-money laundering supervision if:

• They only receive payments for services or goods and services where the value of the goods are less than £10,000, this can be in a single transaction or in several smaller transactions which appear to be linked. The reference to £10,000 applies from 30 June 2026 - before this the amount was 10,000 Euros.

• They are only ever paid large amounts by credit card, debit card or cheque.

A business must register for anti-money laundering supervision straight away if it decides that it will accept or make high value cash payments.

(This content has been withheld because of exemptions in the Freedom of Information Act 2000)