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The OFT closed on 31 March 2014 and this website is no longer being updated. The OFT's work and responsibilities have passed to a number of different bodies. Read more.

Anti-money Laundering Registration

On 1 April 2014, the OFT's anti-money laundering powers and responsibilities pass to the Financial Conduct Authority (in respect of Consumer Credit Financial Institutions), and to Her Majesty's Revenue and Customs (in respect of businesses that carry on estate agency work). The OFT will continue to supervise consumer credit financial institutions and estate agency businesses until 31 March 2014.

Money Laundering Regulations

On 15 December 2007 the Money Laundering Regulations (the Regulations) came into force across the UK. The purpose of the Regulations is to detect, deter and disrupt financial crime and terrorist financing by reducing the possibility of legitimate businesses being used for money laundering. This page contains the link to OFT's anti-money laundering registration form and guidance for completing the form.

 

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Do I need to register with the OFT?

Until 31 March 2014, the OFT requires all its supervised businesses to register. The following types of business are supervised by the OFT and will need to register:

  • Estate agents - those engaged in estate agency work as defined by Section 1 of the Estate Agents Act 1979. This includes residential and commercial estate agency and covers estate agents who represent either the seller or the buyer (relocation agents/property finding services). From the 1 October 2012 this includes an estate or interest in land outside the UK.
  • Consumer Credit Financial Institutions (CCFIs) - a CCFI is someone carrying on consumer credit lending activity who is not authorised by the Financial Conduct Authority (FCA) or supervised by Her Majesty's Revenue and Customs (HMRC) as a money service business. From the 1 October 2012 very low risk lenders have been exempted from the Regulations these are businesses that provide consumer credit by giving customers time to pay for the provision of services which they themselves provide and the time to pay covers a period of 12 months or less. Services may include gym or golf club membership or veterinary services.

Failure to register could lead to the OFT imposing a civil penalty or taking a prosecution if the supervised business continues to be carried on while the business is unregistered - see  Interim penalty policy (pdf 190kb). Prosecution could result in a sentence of up to two years in prison and/or an unlimited fine.

Please note that the Money Laundering Regulations and the registration process is separate from other roles performed by the OFT, such as consumer credit licensing.

If you are unsure of whether your business needs to register, or would like to confirm if the OFT is your supervisor, please see AML supervision FAQs (pdf 157kb).

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How do I register?

  1. Download a copy of the guidance to completing the registration form (pdf 272kb). Please refer to this guidance as you complete the registration form, particularly for questions marked with a *, which are mandatory information.
  2. You will now need to download the registration form using the link below. Please read the following first:

    Each time a form is opened a unique reference number is generated, which is your application reference number. It is important that each business has its own unique reference number so please do not print or photocopy the same form numerous times for completion by different businesses as this could result in more than one application being submitted with the same reference number.

    Please note that you must have Adobe Acrobat installed and JavaScript enabled to view the form. If you experience any problems downloading or viewing the form, please contact the AML team on 0207 211 8200 or amld3@oft.gsi.gov.uk.

    Open a copy of the form (pdf 194kb) and complete all of the relevant boxes on the form.
  3. Print the completed form and ensure the declaration on page 6 is signed.
  4. Enclose payment (a cheque, banker's draft or postal order) payable to Office of Fair Trading with your unique reference number written on the back. The fee for registration is £74 per premises. The fee is capped at 20 premises
  5. Please make a note of your application reference number as you will need to quote this number if you contact us about your registration.

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Where to send my form

If your business has more than 30 premises, please contact us on 020 7211 8200 first for details of how to register a large number of premises.

Please post all completed and signed registration forms with the appropriate fee to:

Anti-Money Laundering (AML) Team
Office of Fair Trading
PO BOX 65813
London
EC4P 4FS  

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What happens next?

  1. We may contact you to ask you for more information.
  2. We will contact you within 45 days of receipt either to confirm your registration or inform you that the OFT is minded not to register you. (If the OFT is minded to refuse your registration you will have the right to make representations and ultimately to appeal. The relevant procedures can be found in the Registration policy (pdf 304kb).)

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Further information

For further information please see Money Laundering Regulations 2007 which contains more information on the Regulations and the OFT's supervisory role and the full Registration Policy (pdf 304kb).

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Contact the Anti-money laundering team

If you have any queries during the application process please email amld3@oft.gsi.gov.uk providing your full name, address and telephone contact details, or alternatively contact the OFT AML Helpline on 020 7211 8200 between 9am and 5pm Monday-Friday.

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