MLR: HMRC code of practice on visits to your premises

Under the 2007 Money Laundering Regulations, HMRC can inspect the businesses that it supervises, to ensure that they have anti-money laundering policies and procedures in place, and are complying with the regulations.

The Code of Practice tells you what you can expect of HMRC, and what it expects of you when a visit is made to a business under the MLR. The main issues for businesses are:

Ensuring that risk sensitive MLR policies and procedures are in place
They are being followed by your staff to prevent your business from being used by money launderers
You are reporting suspicious activity to the Serious Organised Crime Agency.