ECSH47533 | Refusing an application for registration: Contents : Refusing registration: Operational guidance: Refusing an application: When to update the watchlist

The Economic Crime-Supervision (EC-S) watchlist is a spreadsheet which holds details of businesses that may require further checks if the business should reapply for anti-money laundering supervision. Further guidance relating to the EC-S Watchlist is available in ECSH34235.

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

When you refuse an application for anti-money laundering supervision, you should consider any money laundering, terrorist financing or proliferation financing (ML/TF/PF) risks presented by the business to decide if it is necessary for caseworkers to be notified of this risk should the business submit a further application. In this event, you should enter the business’ details into the EC-S watchlist and explain the reason for refusal.

The following is a list of reasons for refusal that should not typically be added to the Watchlist:

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