Expert AML Registration Support

Compliance with money laundering regulations is essential for financial services businesses. In most cases, this requires formal registration for AML supervision to operate legally and confidently.

At Grønblad, we specialise in guiding financial services firms through the Anti-Money Laundering (AML) registration process with the Financial Conduct Authority (FCA) or HMRC.

With over 40 years of combined experience and a bespoke, cost-effective approach, we ensure your business meets AML requirements efficiently and thoroughly. From initial regulatory advice to ongoing monitoring, Lucom provides expert support every step of the way, helping you stay compliant in an ever-evolving regulatory landscape.

If you’re ready to simplify your AML registration, schedule a consultation call with us today.

Do I need an AML Registration?

Money laundering and terrorist financing pose serious risks to the integrity of financial markets. To combat these threats, the UK’s Money Laundering Regulations (MLRs) mandate that most financial services firms register for AML supervision with the appropriate authority. This includes:

  • Lending Services: Including consumer credit, credit agreements related to immovable property, factoring (with or without recourse), and financing of commercial transactions.

  • Financial Leasing: Offering leasing arrangements as a financial service.

  • Payment Services: Providing services that facilitate payment transactions.

  • Issuing and Administering Means of Payment: Managing instruments like credit cards, travellers’ cheques, or electronic money.

  • Trading Activities: Dealing on own account or on behalf of customers in money market instruments, foreign exchange, financial futures and options, exchange and interest-rate instruments, or transferable securities.

  • Portfolio Management and Advice: Offering services related to managing portfolios or providing investment advice.

  • Safekeeping and Administration of Securities: Holding and managing securities for clients.

  • Money Broking: Acting as an intermediary in money markets.

  • Participation in Securities Issues: Involvement in the issuance of securities and related services.

  • Advisory Services: Providing advice on capital structure, industrial strategy, mergers, and acquisitions.

Failing to register can lead to severe penalties, including fines, sanctions, and even the inability to operate legally. Beyond compliance, AML registration demonstrates your firm’s commitment to integrity, transparency, and regulatory standards, which helps build trust with clients, partners, and investors.

How Grønblad Simplifies AML Registration

Navigating AML registration can be complex, with stringent requirements and detailed documentation needed to secure approval. At Grønblad, we make the process clear, manageable, and stress-free. Our tailored approach ensures that your firm’s application is thorough, compliant, and submitted promptly.

Our Comprehensive Support Includes:

  1. Regulatory Advice: We begin by understanding your business activities and advising on the specific AML registration requirements applicable to your firm. Whether you need to register with the FCA or HMRC, we clarify your obligations and guide you through the process.

  2. Compliance Support: Our experts help develop and refine your AML policies, procedures, and controls to ensure they meet regulatory standards. We make sure your firm has a robust compliance framework in place to detect, prevent, and report money laundering activities.

  3. Risk Assessments: A comprehensive risk assessment is a core component of AML compliance. We work with you to identify and assess the money laundering risks associated with your business, clients, and services, ensuring you implement effective risk mitigation measures.

  4. Application Assistance: We manage the entire AML registration application process, including:

    • Preparing and compiling documentation

    • Submitting the application through the FCA’s Connect system or HMRC portal

    • Liaising with the regulator to address queries and ensure a smooth approval process

  5. Ongoing Monitoring: Compliance doesn’t end with registration. We provide ongoing support to help you meet your continuing AML obligations, including regular reviews, updates to policies, and training for your team.

Ready to Register for AML Supervision?

Don’t let the complexities of AML registration slow you down. With Grønblad’s expert guidance, you can achieve compliance efficiently and confidently. Our bespoke support ensures your firm meets all regulatory requirements and maintains the highest standards of integrity.

Schedule a consultation call today and take the first step towards seamless AML registration and compliance.

Common Challenges in AML Registration

The AML registration process can be challenging due to:

  • Complex Requirements: Understanding which activities fall under AML supervision and how to meet compliance standards can be daunting.

  • Documentation Errors: Incomplete or incorrect submissions can lead to delays or rejections.

  • Evolving Regulations: Keeping up with changes to AML rules and regulations requires continuous attention.

  • Resource Constraints: Many firms lack the internal expertise or capacity to manage AML compliance effectively.

Why Choose Grønblad?

  • Grønblad combines the expertise of a large consultancy with the personalised attention of a boutique firm. Since 2016, we’ve built a reputation as a discreet, trusted partner for businesses worldwide. Our clients value our commitment to providing bespoke solutions, our deep regulatory knowledge, and our ability to deliver cost-effective support without compromising on quality.

    Our team’s diverse background enables us to approach each application with a comprehensive perspective, ensuring every detail is considered. Our mission is to make AML registration and compliance as smooth and straightforward as possible, allowing you to focus on your core business activities.

  • In addition to new authorisations, we support firms with:

    • FCA Authorisation Applications: Guiding you through the FCA Authorisation process.

    • Variation of Permission (VOP): Adding or modifying regulated activities.

    • Change in Control (s178 Notices): Seamless handling of ownership or control changes.

    • SM&CR Compliance: Preparing senior managers for FCA interviews (SMF1, 3, 16, 17) and ensuring fitness and propriety assessments are met.

    Need authorisation beyond the UK? We provide licensing support in:

    • Germany (BaFin): Expert native speakers to guide you through the BaFin process.

    • The Netherlands (AFM and DNB): Navigating Dutch regulatory requirements with confidence.