January 24 2019
HMRC have updated guidance about money laundering supervision – civil measures to update information about publishing statements.
Money laundering supervision: civil measuresprovides information for businesses about HMRC’s approach to civil measures to money laundering. The guidance has been updated at the section ‘Publishing statements’ and Appendix 1. Under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations2017, reg. 85, implemented in June 2017, HMRC has a duty to publish details of penalties, censuring statements and persons prohibited from management naming your business or an individual after it issues a notice relating to these measures.