Every business covered by the regulations must be supervised by a supervisory authority. Your business may already be supervised, for example because you belong to a professional body like the 
Law Society. If not, and your business falls into one of 5 business sectors, you’ll likely need to register with HMRC.
HMRC supervises the following 5 business sectors:
- Money Service Businesses
- High Value Dealers
- Trust or Company Service Providers
- Accountancy Service Providers
- Estate Agency Businesses
Following registration for the online service, records will be available to view online and changes can also be made through the business’ online account. Businesses already registered with HMRC but who have not yet registered for the online service can still report changes by post using the form MLR RCT1. Fees may also be paid through the online service.
HMRC have updated a number of its online guides to reflect the online registration and renewals service, including:
- Money laundering supervision: renew your registration;
- Money laundering supervision: register with HMRC;
- Money laundering supervision: fees;
- Money laundering supervision for estate agency businesses;
- Money laundering supervision for money service businesses;
- Money laundering supervision for high value dealers;
- Money laundering supervision for accountancy service providers;
- Money laundering supervision for trusts or company service providers;
- Money laundering supervision: report changes to your business; and
- Form MLR RCT1: Money laundering supervision: report changes to your business
More details are available here.
