HMRC Anti-money laundering – free registration reminders available

HMRC Anti-money laundering – free registration reminders available


Todays other news
The Bill looks likely to become law by the summer...
The UK economy shrank by 0.3% in April...
Harrods Estates has announced ta new assistant manager of lettings...
Handelsbanken’s Property Investor Report 2025 contains the details...

Anti-money laundering service FCS Compliance has launched a new product which it claims helps renew AML registration with HMRC before it expires.  

The service is available to any business that is registered with and regulated by HMRC, not just FCS Compliance clients.

Businesses failing to renew their AML registration with HMRC is one of the biggest drivers of AML fines ranging from £1,500 to £50,000. 

FCS Compliance’s AML Protect requires users to register contact details, AML registration number and renewal date to FCS Compliance – the service then sends a reminder to re-register in advance of the registration’s expiry date. The service has a look up system to help businesses identify their registration number and renewal dates.

If no acknowledgement is received from the user, AML Protect will prompt with a follow-up text message.

A spokesperson for FCS Compliance says: “Earlier this year HMRC announced that over 254 estate agency businesses had been fined a total of £1.6m for failing to register, or re-register with them for Anti Money Laundering.  This is a basic requirement of any business subject to AML legislation.  Unfortunately, we know only too well that registering or re-registering is often overlooked by companies who are busy getting on with running their businesses.”

AML Protect users will receive details of free webinars and newsletters including HMRC AML updates and advice from FCS Compliance.

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
A landlord who fails to provide the guide may not...
The agency says its success is down partly to its...
It's a 30 minute “AI For Dummies” webinar...
It now progresses to the so-called Report Stage....
The BoE has come to a decision on interest rates...
The House of Lords committee stage now continues until May...
Recommended for you
Latest Features
The Bill looks likely to become law by the summer...
The UK economy shrank by 0.3% in April...
Sponsored Content
With less than a month to go until the UK...
The UK government has implemented 16 financial sanctions rule changes...
The owners of the Rentman software application (for property Lettings...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here