ECSH50000 - Business sectors supervised by HMRC
Businesses that carry out relevant activities by way of business fall within the scope of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer)Regulations 2017. These businesses must be registered and monitored by a supervisory authority.
HMRC are responsible for supervising:
Accountancy Service Providers (ASPs) not supervised by a professional body (PB).
Art Market Participants (AMPs).
Estate Agency Businesses (EABs).
High Value Dealers (HVDs).
Letting Agency Businesses (LABs).
Money Service Businesses (MSBs) not supervised by the Financial Conduct Authority (FCA).
Trust or Company Service Providers (TCSPs) not supervised by the FCA or a PB.
Bill Payment Service Providers (BPSPs) not supervised by theFCA.
Telecommunication, Digital and IT Payment Service Providers (TDITPSPs) not supervised by FCA.
As a supervisor, HMRC must provide businesses it supervises with information and guidance to help them understand and comply with their anti-money laundering obligations.
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ECSH51000Money service businesses
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ECSH51500High value dealers
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ECSH52000Trust or company service providers
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ECSH52500Accountancy service providers
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ECSH53000Estate agency businesses
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ECSH53500Bill payment service providers
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ECSH54000Telecommunications, digital and IT payment service providers
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ECSH54500Art market participants
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ECSH55000Letting agency businesses