Commons Briefing paper by Antony Seely. It was first published on Saturday, 20 November 2021. It was last updated on Wednesday, 2 February 2022.
Autumn 2021 Budget: Economic Crime (Anti-Money Laundering) Levy
Provision to establish the Economic Crime (Anti-Money Laundering) Levy is included in the Finance (No.2) Bill 2021-22 – specifically Part 3 of the Bill (Clauses 53-66).
The new levy will first be charged in the financial year running from 1 April 2022 to 31 March 2023 on any medium, large and very large entities regulated for anti-money laundering (AML) purposes at any point during that year. The levy will first be paid by in-scope entities at the end of each financial year, meaning first payments will be due in the financial year 1 April 2023 to 31 March 2024. It is estimated that the levy will impact 4,000 businesses.
Secondary information
- Type
- Research briefing
- Reference
- CBP-9380
- Related items
- Subjects
- Companies Fraud Financial services Money laundering Reform Budget October 2021
- Legislation
- Finance (No. 2) Bill 2021-22
- Published by
- Business and Transport Section
- House of Commons Library
- Link
- View this Research briefing on researchbriefings.parliament.uk
Librarians' tools
- Timestamp
- 2026-08-25 11:26:43 +0100
- URI
- http://data.parliament.uk/resources/1380635
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- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/resources/1380635
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- Internal location
- http://researchbriefingsintranet.parliament.uk/ResearchBriefing/Summary/CBP-9380