UK Statutory Instrument 2022 United Kingdom

Economic Crime (Anti-Money Laundering) Levy Regulations 2022

View on legislation.gov.uk (opens in a new tab) Ask Guv about this Act

At a glance

Enforced by

FCA

What's here

15 compliance obligations

Penalty landscape

1 of 15 obligations carry a fine up to £3,000. 14 have no criminal penalty — flagged in the list below.

Who this Act binds

Business-side actors with duties under this Act, ranked by how often they appear.

  • Any Person 9

Plus 6 non-business duties on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.

Other Acts binding the same actors

For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.

Any Person also bound by 749 other Acts (top 5 shown)

What this Act requires

Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.

Part 1 — Introductory

Browse 2 other sections in this Part — procedural / definitional / commencement

Part 2 — Determination of the relevant appropriate collection authority

Browse 1 other section in this Part — procedural / definitional / commencement

Part 3 — Provisions for assessment, payment, collection and recovery of the levy, where the appropriate collection authority is the Financial Conduct Authority

s.006

Payment of the levy

Other duties (1) — Crown / regulator
  • FCA must notify businesses of levy amount and payment details Statutory regulator
Browse 3 other sections in this Part — procedural / definitional / commencement

Part 4 — Provisions for assessment, payment, collection and recovery of the levy, where the appropriate collection authority is the Gambling Commission

Browse 6 other sections in this Part — procedural / definitional / commencement
s.amendment of an economic crime (anti-money launder

Amendment of an economic crime (anti-money laundering) levy return

s.assessment by the gambling commission of amounts o

Assessment by the Gambling Commission of amounts of levy due

s.payment of levy after assessment by the gambling c

Payment of levy after assessment by the Gambling Commission

s.time limit for recalculation notice

Time limit for recalculation notice

Part 5 — Provisions for assessment, payment and collection of the levy, where the appropriate collection authority is the HMRC Commissioners

Browse 7 other sections in this Part — procedural / definitional / commencement
s.assessment by the hmrc commissioners of amounts of

Assessment by the HMRC Commissioners of amounts of levy due

s.assessment procedure

Assessment procedure

s.payment of levy following assessments by the hmrc

Payment of levy following assessments by the HMRC Commissioners

s.replacement assessments by the hmrc commissioners

Replacement assessments by the HMRC Commissioners

s.time limits for assessments by the hmrc commission

Time limits for assessments by the HMRC Commissioners

Part 6 — Death, incapacity or insolvency

Browse 1 other section in this Part — procedural / definitional / commencement

Part 7 — Information Requirements

Part 8 — Repayment of overpaid levy

s.018

Repayment of overpaid levy

Other duties (1) — Crown / regulator
  • FCA, HMRC, and Gambling Commission must repay overpaid levy Statutory regulator

Part 9 — Enforcement

s.022

Penalty notices

Other duties (1) — Crown / regulator
  • Regulators must issue a formal notice when imposing an AML levy penalty Statutory regulator
Browse 4 other sections in this Part — procedural / definitional / commencement

Part 10 — Reviews and Appeals

s.027

Review out of time

Other duties (1) — Crown / regulator
  • HMRC must review a levy decision if requested late with a valid reason Crown / Minister / Government department
s.028

Review procedure

Other duties (1) — Crown / regulator
  • HMRC must review Economic Crime Levy decisions within 45 days Crown / Minister / Government department
Browse 5 other sections in this Part — procedural / definitional / commencement

Other sections — not classified into a Part

These sections exist in the Act but the contents-of-Parts walker did not place them under a Part. Likely amendments or sections inserted out of the original Part structure.

s.table of penalty amounts

Table of penalty amounts

Fine up to £3,000
  • Failure to comply with Economic Crime Levy requirements Any Person
Read the full Act on legislation.gov.uk (opens in a new tab)

Official guidance

Authoritative sources published by regulators or government explaining this legislation.

Enforcement and responsible bodies

The regulators that administer or enforce this legislation.

FCA

Financial Conduct Authority

Regulation of financial services firms and markets. Supervises banks, insurers, investment firms, payment services, and cryptoasset businesses. Issues authorisations and enforces conduct …

Explore more

Browse legislation

Find other UK business legislation with related guidance.

Regulators

Learn more about the bodies that enforce this legislation.