HMRC’s new anti-money laundering service, the Supervised Business Register, provides taxpayers with longer reference numbers which are not currently compatible with its search tool, meaning taxpayers must use the company name to verify if the business is registered under Money Laundering Regulations
The Supervised Business Register can be used to verify whether a business is registered with HMRC for supervision under the Money Laundering Regulations (MLR).
The new online anti-money laundering service gives customers a longer reference number than the previous system which is not currently compatible with the search tool. Therefore, individuals will need to use the business or trading name and postcode of the business they are searching for.
Only businesses supervised by HMRC will appear in the results. The name a business is registered under may be different from the name individuals are familiar with if, for example, if they are included under the registration of another business.
The information in the register is updated every night. Each entry contains the details supplied by the business when they registered with HMRC.
The Supervised Business Register is available here.
