Money Laundering Regulations Fees Payment Process and Timescales

HMRC has published guidance on how businesses must submit payment for money laundering regulations fees and the expected timeframes for payments to be received and processed. The guidance covers payment methods available to regulated entities and clarifies how long businesses should allow for their payments to reach HMRC’s systems. This affects organisations subject to money laundering compliance requirements under UK financial regulations.

Source: HMRC (GOV.UK) – Read the original