Companies registering with HMRC for money laundering supervision will see charges increased from 1 May 2019:
* The annual registration fee is increasing to £300 per premises for businesses with a turnover of £5,000 or above.
* The annual registration fee is increasing to £180 for businesses with a turnover below £5,000.
* The charge for fit and proper (F&P) testing is increasing to £150.
* The approval check fee will remain at £40.
All customers will pay the £300 premises fee when they renew. However, if their turnover is less than £5,000 they can apply for a reduction. Information on how to do this is available here