ECSH43555 - Registration exemptions by sector: Money service businesses
Sector specific registration exemptions do not need to apply for a business to be out of scope of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017) if it is not trading ‘by way of business’.
The criteria for money service businesses (MSBs) to be exempt from registering for anti-money laundering supervision is available on the GOV.UK MSB guidance.
(This content has been withheld because of exemptions in the Freedom of Information Act 2000)