Corporate report

Businesses that have not complied with the regulations, and suspensions and cancellations of registration (2020 to 2021).

Updated 10 June 2024

As a supervisor of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, which came into effect on 26 June 2017, HMRC has a duty to publish details of businesses that do not comply with the regulations.

The published address is the one that the business or individual registered with HMRC for anti-money laundering supervision.

Please be aware that:

  • the published person may have changed their behaviour
  • the published person may no longer be based at the published address
  • the business currently at the published address may have no connection with the published business
  • the business currently at the published address may have the same name as the published business but could be under new, and completely different, management

Full publication

Compliance and registration penalties

Businesses that received a penalty notice between 1 February 2021 and 30 March 2021

Business name and supervised sector Registered address Regulation breach Description Penalty amount Appeal status
Jess Simpson Ltd Estate Agent Business (EAB) Monks Farm Newbury Road East Hendred Wantage OX12 8LG 56 This breach is for failing to apply for registration at the required time. £6,300  
Arslen Hussain T/A Ghousia Food Store Money Service Business (MSB) 280- 282 Gladstone Street Peterborough PE1 2BS 66 This breach is for failure to provide requested information or documents. £1,000  
Neelam Amand MSB Suncheck Centre 17 Woburn Place Camden London WC1H 0LU 57 This breach is for failure to notify changes/correct inaccuracies. £5,000  

Businesses that received a penalty notice between 1 October 2020 and 31 January 2021

Business name and supervised sector Registered address Regulation breach Description Penalty amount Appeal status
Irfan Ltd MSB Suite 111 Rex House 354 Ballards Lane N12 0DD 18, 19, 27, 28, 33, 35 40 These breaches are failures in carrying out risk assessments; having the correct policies, controls and procedures; conducting due diligence; and record keeping. £524,000* No appeal
Peter Hadfield Flavell (APS) 49 Arnolds Crescent Newbold Verdon Leicester LE9 9LD 18, 19, 27, 28, 35 These breaches are failures in carrying out risk assessments; having the correct policies, controls and procedures; and conducting due diligence. £7,473 No appeal

*We have issued a new penalty framework for MSBs, HVDs and AMPs and applied the new framework to the breaches, resulting in a reduced penalty of £524,000 that was issued on 20 January 2022.

Businesses that received a penalty notice between 1 February 2020 and 30 September 2020

Business name and supervised sector Registered address Regulation breach Description Penalty amount Appeal status
MT Global Ltd Money Service Business (MSB) 75a Crawley Road Luton LU1 1HX 18, 19, 24, 27, 28, 33, 40 These breaches are failures in carrying out risk assessments; having the correct policies, controls and procedures; conducting due diligence; and record keeping. £1,395804* Appeal received
Company Address Services Ltd Trust or Company Service Provider (TCSP) 35-37 Ludgate Hill London EC4M 7JN 18, 19, 24, 27, 28, 35 These breaches are failures in carrying out risk assessments; having the correct policies, controls and procedures; and conducting due diligence. £2,500  
Landmark Sales and Lettings Ltd Estate Agency Business (EAB) 50A London Street Reading RG1 4SQ 28, 30 These breaches are failures in conducting due diligence; and timing of verification. £5,250  
Robert Holmes & Company (Coombe) Ltd EAB 360 Coombe Lane West Wimbledon London SW20 0RJ 19, 21, 27, 28, 30, 33, 35 These breaches are failures in having the correct policies, controls and procedures; internal controls; conducting due diligence and timing of verification. £6,591  

*We have issued a new penalty framework for MSBs, HVDs and AMPs and applied the new framework to the breaches, resulting in a reduced penalty of £1,994,007 that was issued on 12 November 2021. Penalty revised to £1,395,804

Prohibition on Management (Regulation 78)

Persons on whom a Prohibition on Management has been imposed under Regulation 78, legally preventing them from holding an office or management role that involves responsibility and decision making in relation to a defined entity.

See prohibitions made during 2019 to 2020.

See prohibitions made during 2018 to 2019.

Anonymous publication

None for the period.

Minor penalties

Aggregate minor penalty totals 2017 MLRs

Total number of minor penalties Total value of minor penalties
8 £6,000

Total penalties under the 2007 regulations

Total number Total value
None Nil

Suspensions and cancellations of registration

Businesses registered for anti-money laundering with HMRC whose registrations have been suspended or cancelled by HMRC.

Suspensions

Business name and supervised sector Registered address Suspended from Suspended to Appeal status
BP Remit Limited MSB 1 Northumberland Avenue Office 301 Trafalgar Square London WC2N 5BW 1/4/2021 1/10/2021 Appeal withdrawn
Xpress Money Services Limited T/A Xpress Money MSB Level 10 One Canada Square Canary Wharf London E14 5AB 7/4/2021 6/10/2021  
Money Movers Ltd MSB Unit 7 60-66 The Broadway Southall UB1 1QB 22/07/2020 22/01/2021  
New Ariana Exchange Ltd MSB 86-94 Ashley House High Street Hounslow Middlesex TW3 1NH 08/07/2020 08/01/2021  
Irfan Ltd MSB Suite 11 Rex House 354 Ballards Lane North Finchley N12 0DD 05/08/2020 05/02/2021  

Cancellations

Business name and supervised sector Registered address Date of cancellation Appeal status
Vincent – S Limited 106 Edward Avenue Leicester LE2 2PD 11/02/2021  
Michael Anthony Gordon ASP 133 Utting Avenue East, Liverpool L11 5AB 09/03/2021  
Delta Tax Agents Limited ASP 18 Cote Farm Lane, Thackley, Bradford, BD10 8WH 19/03/2021  
Jark-1 Limited EAB Capital House, 6 Webster Court, Warrington, WA5 8WD 21/03/2021  
Alexander Charles and Browne Ltd Estate Agency Business (EAB) 11 Dartmouth Road London SE23 3HN 05/11/20  
Somexchange Ltd Money Service Business (MSB) 191 Ground Floor Praed Street London EC1Y 4YX 09/10/20 Appeal withdrawn
Horjoog Services Ltd MSB Unit 2 226 Seven Sisters Road London W4 2NX 09/10/20  
Sumer 62 Ltd MSB Flat 46 Myredale Lodge 415 Edgware Road London NW2 6FA 10/10/20  
Trevor Vernon Lloyd MSB 2 Jasmine Gardens Hatfield AL10 0BQ 10/10/20  
Halford Brown MSB 2 Camden Road Camden Town London NW1 9DL 27/11/20  
Zachary Elliot EAB 82A Dene Park Harrogate North Yorkshire HG1 4JY 04/12/20  
Money Movers Ltd MSB Unit 7 60-66 The Broadway Southall UB1 1QB 22/01/21  
Andrew Trenholm Richards Accountancy Service Provider (ASP) 11 Alnmouth Drive Redcar TS10 2TD 14/01/21  
Yours City Exchange Ltd MSB Unit 58 in shops 70-73 The Mall The Stratford Centre London E15 1XQ 19/12/20  
Fast Remit Ltd MSB 78 Water Street Radcliffe Manchester M26 4DF 19/12/20  
Surelet Hemel Hempstead Ltd EAB Pilgrim House Packhorse Road Gerrards Cross Buckinghamshire SL9 7QE 15/01/21  
Alizai Exchange Ltd MSB 865B High Road North Finchley London N12 8BT 25/01/21  
New Ariana Exchange Ltd MSB 86-94 Ashley House High Street Hounslow Middlesex TW3 1NH 21/12/20  
Ruth Berridge Accountancy Service Provider 8 Fasson Close Tamworth B77 1GJ 01/03/2020  
Newlinks London Ltd MSB First Floor 459 Finchley Road Hampstead London NW3 6HN 14/03/2020  
Somajegian Somasegaram MSB 326 Mitcham Road Croydon CR0 3JN 21/02/2020  
MT Global Ltd MSB 75a Crawley Road Luton LU1 1HX 15/05/2020 Appeal received
Herat Money Services Ltd MSB 3 Broadway Parade Coldharbour Lane Hayes UB3 3HE 06/07/2020  
Zaam Foreign Exchange Ltd MSB 238 Spring Bank Hull HU3 1LU 17/07/2020  
Universal Exchange Ltd MSB Pearl Oyster Douglas Avenue Wembley HA0 4DT 20/08/2020  
Tung Duong (Tony Duong) MSB 80 Shaftesbury Avenue Piccadilly London W1D 6NF 28/08/2020  
Sivapathasuntharam Sivaganesan MSB 58 Marten Road Walthamstow London E17 4NN 22/08/2020  
St Ermins Operating (UK) Ltd MSB 3rd Floor 24 Chiswell Street London EC1Y 4YX 18/09/2020