.png)
.png)
Penalties and appeals for money laundering supervision.
HMRC has introduced an administration charge for all anti-money laundering supervision penalties issued from 25 July. The charge is for costs of enforcement action on businesses that do not comply with the Money Laundering Regulations.
The guidance Penalties and Appeals for Money Laundering Supervision, which has been updated to reflect the new charge, explains how to appeal against an HMRC decision on registration matters and sets out the penalties for contravening the rules.
See here.
