ECSH32650 - Pre-registration intervention

Pre-Registration intervention

The purpose of a pre-registration intervention is to ensure that a business is required to be registered for anti money laundering supervision, is aware of its legal responsibilities and that robust procedures are in place to mitigate the risk of money laundering, terrorist financing and proliferation financing before carrying out relevant business. This includes checking whether the business has taken appropriate steps to identify and assess the risks of money laundering, terrorist and proliferation financing to which it is subject, has kept a written record of its risk assessment and can provide information on which it was based, see ECSH33205 -Checking risk assessment and management for more information. 

Remember, businesses within an Approvals sector can legally trade once an application to register has been received, see ECSH45000 - Fit and proper and approvals: 

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