Moneygram Payment Systems Inc v Revenue and Customs: FTTTx 25 Mar 2010

FTTTX MONEY LAUNDERING – liability to register under money laundering regulations – liability to pay fees on registration – Appellant appoints agents to offer its money transfer service at agents’ premises – whether Appellant is carrying on a business of transmitting money in the UK – yes – whether Appellant liable to register in relation to such business – yes – whether Commissioners entitled to charge Appellant the registration fee when agents registered for other money transmission businesses operated from the same premises – yes – regs 10 and 14, Money Laundering Regulations 2003 – Article 1(B), EC Directive 91/308/EEC – appeal dismissed

Citations:

[2010] UKFTT 132 (TC)

Links:

Bailii

Jurisdiction:

England and Wales

Financial Services

Updated: 17 August 2022; Ref: scu.408967