1605/2012

HMRC announces AML guidance for money service businesses

The extra guidance explains:

  • when to check where funds have come from in one-off transactions under €15,000

  • due diligence measures where your customer is another MSB

  • whether to apply enhanced due diligence to countries next to high risk regions

  • whether to check the person who receives third party payments

  • what action is required on money transmissions into the UK from overseas

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