What is HMRC MSB registration for APIs?

HMRC MSB registration is the process by which an entity providing financial/payment services in the UK registers with HM Revenue & Customs as a Money Services Business (MSB). For APIs, it is often required in addition to payment-institution authorisation to ensure compliance with UK money-service regulation.

Why does an API need HMRC MSB registration?

APIs that carry out MSB activities (e.g. money transfers, currency exchange, etc.) in the UK may be required to register with HMRC to comply with anti-money laundering regulations, reporting, and supervisory obligations under the Money Laundering Regulations.

What documents are required for HMRC MSB registration?

Typical documents include business plans, corporate structure details, identity and background of beneficial owners and senior management, AML/CTF policies, risk assessments, financial projections, and evidence of operational readiness / compliance infrastructure.

How long does HMRC MSB registration take?

The duration can vary depending on how well the documentation is prepared, complexity of the business operations, and HMRC processing times. It may take several weeks to a few months.

Do you provide support after HMRC registration is granted?

Yes, we offer post-registration support to implement compliance controls, monitoring and reporting systems, staff training, record keeping, and regular reviews to maintain ongoing compliance with HMRC obligations.

What happens if HMRC requests clarifications or rejects the registration?

We assist in responding to HMRC requests for clarifications, re-submissions, and remediation of any deficiencies in your application to meet HMRC standards.

Is ongoing compliance monitoring included in the service?

Yes. Ongoing compliance monitoring includes tracking changes in legislation, ensuring that your AML/CTF frameworks remain up to date, and providing advisory when your operational model changes or new risks emerge.

How do we engage ABM Global Compliance for HMRC MSB registration support?

You can contact us via telephone at +44 207 515 7080 or email info@abmglobalcompliance.com. We start with a consultation to gather your business model, operational setup, regulatory requirements, and then propose a support plan tailored to your needs.

HMRC MSB Registration Support | API / E-Money Experts

HMRC MSB Registration Support

At ABM Global, we provide end-to-end support for HMRC Money Service Business (MSB) registration, going far beyond simple application submission. Our services ensure that your business meets all regulatory, prudential, and AML/CFT compliance requirements from the outset, positioning your firm for operational readiness, regulatory approval, and sustainable growth. By combining regulatory expertise with practical business guidance, we help you establish a robust, compliant, and scalable MSB operation that satisfies HMRC expectations while supporting your commercial objectives.

Registration Preparation & Submission

We guide you through the entire registration process, ensuring your HMRC MSB application is prepared and submitted accurately and efficiently. Our team meticulously compiles all required documentation, including corporate structures, operational workflows, financial statements, and ownership details, to meet HMRC standards. By ensuring completeness and regulatory alignment, we minimize the risk of delays, queries, or rejections during the review process, helping you achieve smooth and timely approval.

AML & Compliance Framework Alignment

ABM assists in developing and implementing a comprehensive, risk-based AML/CFT framework tailored to your business model. This includes guidance on customer due diligence (CDD), enhanced due diligence (EDD) for high-risk clients, ongoing monitoring, transaction reporting, and record-keeping procedures. Our approach ensures that your compliance infrastructure is robust, regulator-ready, and capable of detecting and mitigating financial crime risks from day one.

Risk-Based Documentation & Internal Controls

Regulatory Application Support

Strategic Feasibility & Readiness Assessment

We help create policies, procedures, and internal controls that are specifically aligned with your business operations, transaction volumes, and client profiles. Our support includes establishing frameworks for high-risk clients, cross-border transactions, and complex payment flows, ensuring that your MSB maintains a strong compliance posture while achieving operational efficiency. Clear documentation, accountability structures, and control mechanisms help demonstrate regulatory adherence and risk mitigation.

Ongoing Regulatory Readiness & Advisory

ABM’s support extends beyond initial registration, helping your firm maintain continuous regulatory readiness and adapt to evolving HMRC guidance. We provide advice on periodic AML/CFT policy updates, enhancements to transaction monitoring systems, compliance reporting improvements, and staff training programs, ensuring your business is always prepared for regulatory reviews, inspections, or audits. This proactive approach enables your MSB to operate confidently, manage emerging risks effectively, and sustain long-term growth.