{"id":1490,"date":"2026-10-13T12:47:02","date_gmt":"2026-10-13T12:47:02","guid":{"rendered":"https:\/\/autosmarts.co\/en\/guidebooks\/uk-anti-money-laundering-compliance-guidebook\/"},"modified":"2026-10-13T12:47:02","modified_gmt":"2026-10-13T12:47:02","slug":"uk-anti-money-laundering-compliance-guidebook","status":"publish","type":"guidebook","link":"https:\/\/autosmarts.co\/en\/guidebooks\/uk-anti-money-laundering-compliance-guidebook\/","title":{"rendered":"UK Anti-Money Laundering Compliance Guidebook for Automotive Companies"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"overview\">What this guidebook covers<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Cars are a known way to launder cash. Any business that accepts \u20ac10,000 or more in cash, in one payment or linked payments, is a high value dealer and must register with HMRC and follow the Money Laundering Regulations. One cash sale can change a dealer&#039;s status.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This guidebook covers 6 AML standards with 18 checkpoints: a cash policy or HVD registration, monitoring linked payments, the risk assessment and policies, customer due diligence, suspicious activity reports, and training and records.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"standards\">The 6 anti-money laundering standards<\/h2>\n\n\n\n<figure class=\"wp-block-table as-papertable as-gbtable\"><table><thead><tr><th>Code<\/th><th>Standard<\/th><th>Ideal fix time<\/th><\/tr><\/thead><tbody><tr><td>AML-01<\/td><td>Cash policy or HVD registration<\/td><td>Immediate<\/td><\/tr><tr><td>AML-02<\/td><td>Linked payments monitored<\/td><td>7 days<\/td><\/tr><tr><td>AML-03<\/td><td>Risk assessment and policies<\/td><td>30 days<\/td><\/tr><tr><td>AML-04<\/td><td>Customer due diligence<\/td><td>Immediate<\/td><\/tr><tr><td>AML-05<\/td><td>Suspicious activity reports<\/td><td>Immediate<\/td><\/tr><tr><td>AML-06<\/td><td>Training and records<\/td><td>30 days<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"steps\">How to run a UK anti-money laundering audit, step by step<\/h2>\n\n\n\n<ol class=\"wp-block-list as-gbsteps\">\n<li><strong>Confirm what applies.<\/strong> Decide whether you cap cash below the threshold or register as a high value dealer; most dealers avoid HVD status with a firm cash cap.<\/li>\n\n<li><strong>Walk the site, standard by standard.<\/strong> Score each of the 18 checkpoints Pass, Fail or N\/A. N\/A only where the standard rules it out, with the reason recorded. Sample cash receipts and look for linked payments from the same customer that together pass the threshold.<\/li>\n\n<li><strong>Capture the evidence.<\/strong> A pass counts only with proof captured at the time of the audit: the cash policy, cash receipts, HVD registration if any, customer ID records and training logs.<\/li>\n\n<li><strong>Give every fail an owner and a fix time.<\/strong> Record what you saw and who owns the fix. Each standard carries an ideal fix time, from immediate to 30 days, counted from audit submission (see the table above).<\/li>\n\n<li><strong>Fix it, then prove it.<\/strong> The site fixes the cause and uploads proof of closure; the auditor checks the proof before closing the finding.<\/li>\n\n<li><strong>Re-check at the next audit.<\/strong> Confirm closed findings stay closed, and look for the same fail at your other sites so one gap doesn&#039;t repeat across the network.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"who\">Who this guidebook is for<\/h2>\n\n\n\n<ul class=\"wp-block-list as-gbwho\">\n<li>Dealer principals<\/li>\n\n<li>Finance and sales managers<\/li>\n\n<li>Compliance officers<\/li>\n\n<li>Auditors<\/li>\n<\/ul>\n\n\n\n<p class=\"as-gbnote wp-block-paragraph\">A reference document, not legal advice. Fines and rules change: check the current text with the regulator or your legal adviser before acting.<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"<p>Cash limits, high value dealer registration, risk assessment, customer checks and suspicious activity reports: what HMRC checks at UK car dealers.<\/p>\n","protected":false},"featured_media":1859,"menu_order":30,"template":"","meta":{"footnotes":"","_as_region":"UK","_as_topic":"Anti-money laundering","_as_edition":"Edition 1 \u00b7 2026","_as_standards":"6","_as_checkpoints":"18","_as_pages":"11","_as_language":"","_as_law":"Money Laundering Regulations 2017 \u00b7 Proceeds of Crime Act 2002","_as_regulator":"HM Revenue and Customs (HMRC)","_as_facts":"\u20ac10,000 | in cash (single or linked) makes you a high value dealer\n\u00a3175,701 | HMRC penalty on a registered high value dealer (2023\/24)\n1,860 | HMRC AML fines in four years","_as_pdf":1491,"_as_checklist_1":845,"_as_checklist_2":0,"_as_checklist_3":0,"_as_guide":0,"_as_solution":557},"class_list":["post-1490","guidebook","type-guidebook","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/autosmarts.co\/en\/wp-json\/wp\/v2\/guidebook\/1490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/autosmarts.co\/en\/wp-json\/wp\/v2\/guidebook"}],"about":[{"href":"https:\/\/autosmarts.co\/en\/wp-json\/wp\/v2\/types\/guidebook"}],"version-history":[{"count":1,"href":"https:\/\/autosmarts.co\/en\/wp-json\/wp\/v2\/guidebook\/1490\/revisions"}],"predecessor-version":[{"id":1492,"href":"https:\/\/autosmarts.co\/en\/wp-json\/wp\/v2\/guidebook\/1490\/revisions\/1492"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/autosmarts.co\/en\/wp-json\/wp\/v2\/media\/1859"}],"wp:attachment":[{"href":"https:\/\/autosmarts.co\/en\/wp-json\/wp\/v2\/media?parent=1490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}