GovWire

HMRC anti-money laundering supervision goes online

HM Revenue and Customs

December 12
14:17 2016

In 2017 HMRC is introducing an online, digital system for anti-money laundering supervision. When it launches, businesses will be able to register and renew online.

The online system will:

  • allow all registrations, renewals, updates and payments to be made online
  • reduce errors and rejected applications - these will be flagged instantly by the new system, avoiding forms being returned for re-submission
  • better meet customer needs - this has been possible through asking businesses to test the system and tell us how they think it should work.

Currently we ask businesses registering for the first time to complete their form online, print it off and post it to us. Businesses renewing their registration are sent a letter and asked to respond by post. We know that this causes delays.

A selection of customers have been helping us develop the system over the last year. Were still asking customers to use the system and provide feedback, helping us refine it further.

Using the system for the first time will involve a one-off completion of your details.

This is the same if you are already registered with HMRC or if you are registering with us for the first time. Dont worry if you dont have everything to hand as youll be able to save your entries and come back to them for up to 28 days.

When you come to renew a year later, your details will be stored and the process will be quick, easy and completely paperless.

Well be communicating with customers when the system is ready to launch.

To use the new system youll need an online ID. If you dont have an ID, you can register at Government Gateway online.

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