What is HMRC MSB registration?

HMRC MSB registration means registering with Her Majesty’s Revenue and Customs (HMRC) in the UK to operate as a Money Services Business, complying with AML/CTF regulations, record-keeping, and supervisory requirements.

Who needs to register as an MSB with HMRC?

Businesses that provide money transmission, currency exchange, or similar financial services in the UK typically need to register as an MSB with HMRC to comply with the Money Laundering Regulations.

What documents are required for HMRC MSB registration?

Required documents often include business plans, identity verification for owners and directors, AML policies, risk assessments, details of ownership structure, proof of financial standing, and other regulatory-compliance information.

How long does HMRC MSB registration take?

The time for registration depends on how well prepared the documentation is, the complexity of your business structure, and HMRC processing times. It may take weeks to a few months.

Do you help with compliance setup after registration?

Yes. We assist in post-registration compliance setup including implementing AML controls, record-keeping, staff training, reporting, and ongoing regulatory compliance.

What are common issues that delay HMRC MSB registration?

Common delays occur when documentation is incomplete, AML/CTF procedures are not clearly defined, ownership or identity verification is weak, or risk management and internal controls are insufficient.

Is ongoing communication with HMRC part of the service?

Yes, part of our support includes liaising with HMRC during the registration process, responding to queries, clarifications, and helping ensure your submission meets their expectations.

How much does HMRC MSB registration support cost?

Cost depends on the complexity of your business model, the completeness of existing compliance measures, and how much of the registration work you require support with. We can provide a quote after assessing your needs.

HMRC MSB Registration Support | MSB Registration Services

HMRC MSB Registration Support

Operating as a Money Service Business (MSB) in the UK requires mandatory registration with HMRC and strict adherence to anti-money laundering (AML) and counter-terrorist financing (CTF) obligations. At ABM Global, we provide end-to-end support to ensure your MSB registration is successful, compliant, and strategically positioned for long-term sustainability.

Our tailored support includes

Initial HMRC Registration Assistance

We manage the entire MSB registration process with HMRC, guiding you through eligibility checks, application preparation, and submission. Our experts ensure all information is accurate, complete, and aligned with regulatory requirements, reducing the risk of rejection or delays.

Risk-Based Documentation & Policies

HMRC requires MSBs to maintain detailed AML/CTF frameworks tailored to the scale and nature of their operations. We develop comprehensive, risk-based documentation, including:

AML Compliance Framework Design

We help establish a robust compliance framework to satisfy HMRC’s “fit and proper” standards, including customer due diligence (CDD), enhanced due diligence (EDD) for high-risk clients, and suspicious activity reporting (SARs). Our solutions embed compliance into daily operations, not just paper-based policies.

Training & Awareness for Staff

HMRC expects MSBs to demonstrate that staff are adequately trained on AML obligations. ABM Global designs and delivers tailored training programmes to ensure your team understands regulatory requirements, red-flag indicators, and reporting obligations.

Governance & Responsible Person Guidance

MSBs must appoint a nominated officer (MLRO) and ensure that key personnel are “fit and proper.” We provide guidance on governance arrangements, MLRO responsibilities, and ongoing oversight practices to meet HMRC’s standards.

Ongoing Compliance & Monitoring

Registration is only the first step—MSBs face continuous regulatory scrutiny. We provide ongoing compliance support, including periodic audits, risk reviews, and updates to policies in line with evolving HMRC and FCA expectations.