Policy paper
Economic Crime (Anti-Money Laundering) Levy
This tax information and impact note sets out a new Economic Crime (Anti-Money Laundering) Levy.
Documents
Details
This measure establishes an Economic Crime (Anti-Money Laundering) Levy on entities that are regulated for AML purposes.
The levy will first be charged on entities that are regulated during the period from 1 April 2022 to 31 March 2023 (the first levy year).
The amount payable will be determined by reference to their size based on their UK revenue from periods of account ending in that year.