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I will register your msb with hmrc for UK aml compliance
MSB Registration and AML Compliance UK, US and Canada
I'm Regina Almo, a Certified Accounting Technician. I specialise in MSB registration, AML compliance programs, and financial regulatory filings for fintech startups and payment businesses across the U...
About this Gig
Operating a money transfer, currency exchange, or crypto business in the UK? HMRC requires MSB registration under the Money Laundering Regulations 2017 before you start not somewhere down the line.
I'm a Certified Accounting Technician specialising in UK financial compliance for fintech startups and payment businesses. I've worked through HMRC's registration process and know what they look for.
What I handle:
- Confirm your MSB category under MLR 2017
- Prepare and submit your HMRC supervision application
- Draft your AML/CTF policy (Standard and Premium)
- Full risk assessment covering clients, geography, and services (Premium)
HMRC can fine you up to 5 million pounds for AML failures. They've been active with enforcement in the payment sector since 2023. Small operations are not exempt.
Crypto business? You may also need FCA registration. I'll flag it if it applies.
Also operating in the EU or Canada? Message me first I'll tell you exactly what you need across jurisdictions.
Stop putting it off. Order now and get properly registered.
Type of Business:
LLC
•
C-corp
Service type:
Initial licensing and permits
Target country:
Worldwide
•
United Kingdom
•
United States
Business formation & registration Gigs are not screened
Fiverr does not pre-screen freelancers offering services in Business Formation & Registration. We advise thoroughly reviewing freelancer profiles, asking questions, and confirming their qualifications to ensure they meet your requirements. Freelancers marked as “Pro” have completed a vetting process for added confidence. Learn more here.
FAQ
Who regulates MSBs in the UK for AML purposes?
HMRC supervises most money service businesses under the Money Laundering Regulations 2017 — this includes currency exchange, money transmission, cheque cashing, and certain payment services. The FCA supervises payment institutions and electronic money institutions separately.
What businesses count as MSBs under UK law?
Currency exchange, money transmission, cheque cashing, issuing or redeeming traveller's cheques or money orders, and operating a bureau de change all fall under HMRC's MSB supervision. Crypto asset activities may require separate FCA registration.
Is HMRC MSB registration the same as FCA authorisation?
No. HMRC MSB supervision is an AML requirement. FCA authorisation is needed if you're providing regulated payment services or issuing e-money. You may need both depending on your business model.
What is the penalty for operating without HMRC MSB registration?
HMRC can issue civil penalties of up to 5 million pounds for AML failures and can pursue criminal prosecution for running an unregistered MSB. They also publish enforcement notices publicly, which damages banking relationships.
Do I need a compliance officer?
Yes. UK AML regulations require you to appoint a nominated officer responsible for receiving internal suspicious activity reports and filing Suspicious Activity Reports (SARs) with the National Crime Agency.
What is the HMRC registration fee?
HMRC charges a registration fee based on your business size and number of premises. The current standard fee is 300 pounds for the first premises and varies for additional locations. My service fee is separate from the government charge.
How long does HMRC take to process the registration?
HMRC typically processes MSB applications within 45 calendar days, though complex cases or clarification requests can extend this. You can operate during processing if you applied before your start date.
Can an overseas company register as a UK MSB?
Yes, if you have UK-based operations or clients. You'll need a UK presence (not necessarily a physical office) and a UK-based nominated officer. I'll confirm the requirements for your specific setup.
Do you cover the AML risk assessment for crypto businesses?
Yes, in the Premium package. Crypto-specific risk assessments cover peer-to-peer exposure, wallet custodianship, geographic risk, and transaction monitoring requirements under HMRC's current cryptoasset guidance.
What if my business also sells into the EU post-Brexit?
Then you may need a separate EU registration, Canada MSB via FINTRAC is popular for this because it covers international remittance from a FATF-compliant jurisdiction with no capital requirement. I can advise on the most efficient structure for your specific markets.
