ECSH43510 - Exclusions and exemptions: introduction
As set out in ECSH40500, any business undertaking relevant activity is required to register for supervision. If a business is undertaking relevant activity within one of the sectors listed and is not registered with another supervisor, it must be registered with HMRC for anti-money laundering supervision.
However, there are limited circumstances in which a business may be exempt from registration, i.e. where it meets the criteria for exclusion under . Further details of this can be found in ECSH43525.听 Where there is an exemption based on the business activity undertaken in a particular sector, please see:
Trust or Company Service Providers ECSH43560