by AdrianaAMLP | Apr 4, 2024
Refers to civil breaches of the regulations and not to criminal offences and covers the period 1 April to 30 September 2023.
by Jyotsna Bucktowar | Mar 1, 2024
HMRC fined at least 31 art market participants from 10 January 2021, when it began supervising the art trade, to 31 March 2023, the latest period for which data is available. Of the 31 published fines, 30 are listed in the 15 months beginning 1 January 2022 – a...
by AdrianaAMLP | Oct 7, 2023
Guidance added for amending a registration, which can now be done oline via an Economic Crime Levy account. Also guidance updated on what information is needed to register a charity, trust, unincorporated association, registered society or non-UK establishment.
by Jyotsna Bucktowar | Aug 22, 2023
The UK Govt announced that a £1 million compound settlement was recently reached with an unnamed UK company for alleged violations of The Russian (Sanction) (EU Exit) Reg 2019. The company was reportedly fined by HMRC for engaging in the unlicensed trade of...
by Jyotsna Bucktowar | Jun 8, 2023
240 supervised businesses were fined between 1 July and 31 Dec 2022 by HMRC for breaching MLR aimed at preventing criminals from exploiting illicit cash. Xpress Money Services Ltd was hit with a large fine of £1.4 million for failing to carry out risk assessments not...
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