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ECSH44525 | Fees payable on an application to register

From HM Revenue & Customs · Economic Crime Supervision Handbook

When a business registers for anti-money laundering supervision, it must pay fees to HMRC.

These are:

  • An application fee.

  • A registration fee for each premises.

  • A fit and proper test fee (for money service businesses, or trust or company service providers) for each beneficial owner, officer or manager (BOOM) tested.

  • An approval process fee (for art market participants, accountancy service providers, estate agency businesses, high value dealers or letting agency businesses) for each BOOM tested.