HMRC is contacting businesses who have registered to have an online anti-money laundering supervision account to inform them of the important changes taking place on 15 January.
NFDA members with an anti-money laundering supervision account on GOV.UK will need to provide the date of birth of each responsible person in their business and confirm if they have passed HMRC’s fit and proper test, or approval.
This change follows the 2017 Money Laundering Regulations, which introduced new rules on who is allowed to be a responsible person.
HMRC has provided additional information about their checks in the guidance on the fit and proper test and approval and they have also produced a short 15-minute webinar to help businesses with compliance.
