Money Laundering Regulations review of annual fee
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Issued 07 August 2009
The Money Laundering Regulations (MLR) team is undertaking a review of the
basis on which the fee is charged and wants to consult registered businesses for
their views. The recent fee increase and additions to the MLR register make this
a good time to carry out the review.
This review will look at the current fee structure and consider whether it or
a possible alternative model is the fairest basis for charging businesses to
register. It will not look at the current level of the fee and the MLR regime's
activities will continue to be funded by the fees paid to us.
As part of the review we will be contacting over 2,000 businesses, asking for
your views on:
- the current fee structure
- possible alternative fee structures
- how the annual fee should be spent
This is a great opportunity for you to let us know your views on MLR and what
does and doesn't work for you.
If your business is one of those chosen for the consultation, then you will
shortly receive a letter from the review team containing details of a
questionnaire. If you do not receive this but would still like to participate
then you can complete the questionnaire online. The questionnaire will be
available until 15 September 2009.
Go to the online fee
We are also planning to meet to discuss the review trade and professional
associations and other UK Money Laundering regulators.
The review aims to be complete in the autumn of this year, when details of
the results of the review will be published on these pages.
more about the fee review
About the Author
© Crown Copyright 2009.
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Article Published/Sorted/Amended on Scopulus 2009-08-08 00:35:40 in Tax Articles