ECSH47536 | Refusing an application for registration: operational guidance: auto-rejection

When a business makes an online application to register with HMRC for anti-money laundering supervision, the business will have the option to pay the fees by banking automated clearing service (BACs). If the business chooses this option, it is given 30 days to make any payment due.

If the business does not make the payment within 30 days, its registration will be automatically rejected, and the business will not be supervised to provide relevant activity under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017). See ECSH47525.

The business will need to make a new application for anti-money laundering supervision if the business intends to carry out relevant activity under MLR 2017.