Money Service Business compliance, made simple.
Money Service Businesses face strict regulation — HMRC Anti-Money Laundering supervision and, for payment and money-transfer services, FCA authorisation. We prepare your applications, build your compliance framework, and keep you compliant month after month on a fixed fee.
Regulated, protected, supported
- FCA authorisation applications prepared
- HMRC Anti-Money Laundering registration
- Fit & Proper test applications
- Ongoing monthly compliance — fixed fee
Expert help for MSBs and Small Payment Institutions
A Money Service Business (MSB) handles money conversion or transfers and must comply with strict regulations — including registration with HMRC and, where required, licensing from the Financial Conduct Authority (FCA).
At Harrow Accountants, we specialise in preparing your FCA authorisation application, your HMRC Anti-Money Laundering supervision registration, and your Fit and Proper test applications.
We also help establish and oversee your compliance department, develop AML/CTF policies, and provide staff training and ongoing monthly compliance services at a fixed fee.
The result: a business that's fully compliant, protected against financial-crime risk, and supported by specialists who know the regime inside out.
The four pillars of MSB / SPI compliance
We guide you through each one — and handle the paperwork.
FCA authorisation
Preparing your application to the FCA — as an Authorised or Small Payment Institution (SPI) — for payment and money-transfer activities.
HMRC AML registration
Registering your MSB with HMRC for Anti-Money Laundering supervision, and keeping your registration in good standing.
Fit & Proper test
Preparing Fit and Proper test applications for the people running your business, as required by HMRC.
AML/CTF policies & training
Developing your AML/CTF policies, setting up and monitoring your compliance department, and training your staff.
Our MSB / SPI service
End-to-end compliance — from application to ongoing oversight.
Our MSB / SPI services include
- FCA authorisation and HMRC registration assistance
- AML/CTF policy development and implementation
- Compliance department setup and monitoring
- Staff training and ongoing compliance support
Benefits
- Full regulatory compliance
- Reduced risk of financial crime exposure
- Professional support and peace of mind
- Cost-effective fixed-fee services
MSB & SPI compliance specialists you can trust
If you run an MSB or SPI, contact Harrow Accountants for expert compliance management. Speak with our compliance specialists today — services available throughout London and beyond.
Services available throughout London and beyond — we support Money Service Businesses and Small Payment Institutions wherever they're based, in person and remotely.
MSB & SPI compliance FAQs
An MSB is a business that provides services such as money transfers, currency conversion or cheque cashing. Because of the money-laundering risk these carry, MSBs must register with HMRC for Anti-Money Laundering supervision and meet strict compliance obligations.
If your business provides payment or money-transfer services, you'll typically need to be authorised or registered with the Financial Conduct Authority — as an Authorised Payment Institution or a Small Payment Institution (SPI). We prepare and manage the application for you.
It's HMRC's check on the people who own or run an MSB, to confirm they're suitable to hold that role. We prepare the Fit and Proper test applications as part of your registration.
AML/CTF stands for Anti-Money Laundering and Counter-Terrorist Financing. As an MSB you're required to have documented policies, risk assessments, controls and staff training in place. We develop and implement these, and can run your ongoing compliance for you.
Yes. Beyond the initial applications, we help set up and monitor your compliance department, train your staff, and provide ongoing monthly compliance services — all on a transparent fixed fee.
No. We're based in Stanmore, Harrow, and our MSB and SPI compliance services are available throughout London and beyond — we work with clients across the UK, in person and remotely.
Expert MSB & SPI compliance management
FCA authorisation, HMRC AML registration, Fit & Proper applications, AML/CTF policies and ongoing fixed-fee compliance. Speak with our compliance specialists today.
Based in Stanmore & Harrow · Services available throughout London and beyond