ECSH47531 - Refusing an application for registration: Contents : Refusing registration: Operational guidance: When to refuse

You must refuse a business’ application to register with HMRC for anti-money laundering supervision for the following reasons:

A business or its beneficial owners, officers, or managers (BOOMs) have an unspent Schedule 3 conviction.
A business or its BOOMs fails the fit and proper (F&P) test.

You may decide to refuse a business’ application to register with HMRC for anti-money laundering supervision for the following reasons:

Failing to pay a charge imposed.
Failing to pay an approval or F&P test fee.
Failing to add a BOOM to its application for registration.
Failing to comply with a requirement to provide information under Regulation 57(3) Money Laundering, Terrorist Financing (Information on the Payer) Regulations 2017 (MLR 2017).
Suspicion that the business or its BOOMs will not comply with the MLR 2017, Part 7 and 8 Proceeds of Crime Act 2002 and Part 3 Terrorism Act 2000.
Providing false or misleading information to HMRC.
Failing to pay a financial penalty within an appropriate timeframe.

How to refuse

For guidance on the refusal process, see ESCH47532.

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