ECSH44525 - Fees payable on an application to register

When a business registers for anti-money laundering supervision, it must pay fees to HMRC.

These are:

  • A registration fee for each premises.
  • A fit and proper test fee (for money service businesses, or trust or company service providers) for each beneficial owner, officer or manager (BOOM) tested.
  • An approval process fee (for art market participants, accountancy service providers, estate agency businesses, high value dealers or letting agency businesses) for each BOOM tested.