ECSH44390 - Fit and proper and approvals: large trader registration

Economic Crime–Supervision (EC-S) definition of a large trader

If a business has more than 66 premises, then it is considered a large trader for anti-money laundering supervision purposes.

Large trader registration detail storage

Due to limitations on how many premises can be recorded on Enterprise Tax Management Platform (ETMP), large trader registration details were kept on Departmental Trader Register (DTR)) when the registration details of all other businesses were migrated to ETMP in 2017.

(This content has been withheld because of exemptions in the Freedom of Information Act 2000)

Large trader amendments on DTR

The process for large traders whose registration details are held on DTR is different to those on ETMP. Businesses typically send details of any amendments to the EC-S large trader team using password protected spreadsheets that are sent via email. The large trader then pays any outstanding fees by BACS.

The large trader should update EC-S monthly with the details of any changes made within 30 days.

If you have any queries regarding large traders, you can contact the large trader team by email (This content has been withheld because of exemptions in the Freedom of Information Act 2000)