ECSH44390 | Fit and proper and approvals: large trader registration

Economic Crime–Supervision (EC-S) definition of a large trader

If a business has more than 66 premises, then it is considered a large trader for anti-money laundering supervision purposes.

Large trader registration detail storage

Most large trader registration details have now been migrated to the Enterprise Tax Management Platform (ETMP). The registered office details, along with the details of all Beneficial Owners, Officers and Managers (BOOMs), for all businesses have now been migrated to ETMP.

However, because ETMP has limitations on the number of premises that can be recorded, premises details for a small number of large trader registrations continue to be managed on the Departmental Trader Register (DTR).

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

Large trader amendments on DTR

The process for large traders whose premises details are held on DTR is different to those on ETMP. Businesses typically send details of any amendments to the EC-S large trader team using password protected spreadsheets that are sent via email. The large trader then pays any outstanding fees by BACS.

The large trader should update EC-S monthly with the details of any changes made within 30 days.

If you have any queries regarding large traders, you can contact the large trader team by email (This content has been withheld because of exemptions in the Freedom of Information Act 2000)