ECSH43560 - Registration exemptions by sector: Trust or company providers

Sector specific registration exemptions do not need to apply for a business to be out of scope of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017) if it is not trading 'by way of business'.  

The criteria for trust or company service providers (TCSPs) to be exempt from registering for anti-money laundering supervision is available on the GOV.UK website TCSP guidance. 

If a HMRC Caseworker is in doubt regarding the requirement for a TCSP to register for anti-money laundering supervision, they should contact the TCSP Sector Specialist through the learning and capability mailbox: dl-amlstechnicalcapabilityandlearning@internal.hmrc.gov.uk  providing case management system reference and decision and evidence log if appropriate.