ECSH83875 | Sanctions for non-compliance: suspension and cancellation: further suspension

There is no limitation on how many times a business’s registration can be suspended.

However, further suspensions should be avoided wherever possible.

In some limited circumstances, a fresh decision to suspend the business’s registration (usually without any gap between this and the previous suspension) may be appropriate in some cases depending on the facts of the case and if the risks are still present at the end of the current suspension period. The decision maker should consider whether it would be more appropriate to issue a cancellation notice in these circumstances.

The decision maker will need to consider all the facts of the case before making any decision, especially money laundering, terrorist financing and proliferation financing risks, as well as other risks or non-compliance with the business’s obligations under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.

For technical guidance on the suspension of registration, see ECSH48025.

For operational guidance on the suspension of registration, see ECSH48581.