| Guvnor

Enforced by: FCA
Status: In Force
Penalty ceiling: Prosecution 1 of 16 obligations carry a fine up to £3,000. 15 have no criminal penalty — flagged in the list below.

Does it bind you?

Business-side roles with duties under this instrument.

Any Person10

Plus 6 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Any Person — also bound by 2340 other Acts

Human Medicines Regulations 2012 184 duties

Merchant Shipping Act 1995 144 duties

Insolvency (England and Wales) Rules 2016 104 duties

Communications Act 2003 92 duties

Road Traffic Act 1988 92 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

Part 1

Introductory

0 of 2 sections shown

2 other sections in this Part — procedural and definitional

s.001 Citation, commencement and extent

s.002 Interpretation

Part 2

Determination of the relevant appropriate collection authority

0 of 1 section shown

1 other section in this Part — procedural and definitional

s.003 Determination as to which appropriate collection authority is to exercise functions

Part 3

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

1 of 4 sections shown

s.006 Payment of the levy Regulated

Other duties (1) — Crown / regulator

FCA must notify businesses of levy amount and payment detailsStatutory regulator

3 other sections in this Part — procedural and definitional

s.004 Application of Part 3

s.005 Information requirements

s.007 Late payment interest

Part 4

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

2 of 8 sections shown

s.009 Requirements of a person liable to pay the levy Regulated

Report and pay the Economic Crime (Anti-Money Laundering) LevyAny Person

s.011 Late payment interest Regulated

Pay interest on late Economic Crime Levy paymentsAny Person

6 other sections in this Part — procedural and definitional

s.008 Application of Part 4

s.010 Register

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

2 of 8 sections shown

s.013 Requirements of a person liable to pay the levy Regulated

Submit an Economic Crime Levy return and pay the levy annuallyAny Person

s.payment of levy following assessments by the hmrc Payment of levy following assessments by the HMRC Commissioners Regulated

Pay AML levy within 30 days of HMRC assessment noticeAny Person

6 other sections in this Part — procedural and definitional

s.012 Application of Part 5

s.014 Amendment of an economic crime (anti-money laundering) levy return

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.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

0 of 1 section shown

1 other section in this Part — procedural and definitional

s.015 Death, incapacity or insolvency

Part 7

Information Requirements

2 of 2 sections shown

s.016 Requirement to provide information or documents where the appropriate collection authority is the Financial Conduct Authority or the Gambling Commission Regulated

Provide documents and information requested by the FCA or Gambling CommissionAny Person

s.017 Duty to keep and preserve records Regulated

Keep and protect records for the Economic Crime LevyAny Person

Part 8

Repayment of overpaid levy

2 of 2 sections shown

s.018 Repayment of overpaid levy Regulated

Other duties (1) — Crown / regulator

FCA, HMRC, and Gambling Commission must repay overpaid levyStatutory regulator

s.019 Claim for repayment of overpaid levy Regulated

Submit a formal claim to recover overpaid levy fundsAny Person

Part 9

Enforcement

2 of 6 sections shown

s.022 Penalty notices Regulated

Other duties (1) — Crown / regulator

Regulators must issue a formal notice when imposing an AML levy penaltyStatutory regulator

s.024 Payment of penalty Regulated

Pay the Economic Crime Levy penalty within 30 daysAny Person

4 other sections in this Part — procedural and definitional

s.020 Financial penalties

s.021 Amount of financial penalty

s.023 Time limit for imposing a penalty

s.025 Recovery of unpaid amounts by the HMRC Commissioners

Part 10

Reviews and Appeals

4 of 9 sections shown

s.026 Right to review where the HMRC Commissioners are the appropriate collection authority Regulated

Other duties (1) — Crown / regulator

HMRC must offer a review of decisions regarding the Economic Crime LevyStatutory regulator

s.027 Review out of time Regulated

Other duties (1) — Crown / regulator

HMRC must review a levy decision if requested late with a valid reasonCrown / Minister / Government department

s.028 Review procedure Regulated

Other duties (1) — Crown / regulator

HMRC must review Economic Crime Levy decisions within 45 daysCrown / Minister / Government department

s.033 Payment of levy or penalty where appeal has been determined Regulated

Pay outstanding levy or penalty within 30 days of an appeal decisionAny Person

5 other sections in this Part — procedural and definitional

s.029 Reviews where the appropriate collection authority is the Financial Conduct Authority or the Gambling Commission

s.030 Appealable decisions

s.031 Amounts of levy due must be paid before appeal except in cases of hardship

s.032 Settling of appeals by agreement

s.034 Payment of levy or penalty where there is a further appeal

Schedules

1 of 1 shown

s.schedule Table of penalty amounts Prosecution

Failure to comply with Economic Crime Levy requirementsAny Person

Fine up to £3,000

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.

Economic Crime (Anti-Money Laundering) Levy Regulations 2022

Does it bind you?

Other Acts binding the same actors

What it requires

Introductory

Determination of the relevant appropriate collection authority

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

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

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

Death, incapacity or insolvency

Information Requirements

Repayment of overpaid levy

Enforcement

Reviews and Appeals

Schedules