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Brief
On 20/03/2025, Her Majesty's Revenue and Customs (HMRC) issued an update regarding Informal money transfer businesses must act against criminality. HMRC has launched a campaign to encourage businesses offering informal money transfer services, such as Hawala, to register for anti-money laundering supervision, protecting themselves from criminal exploitation and safeguarding their communities, with the risk of civil penalties, prosecution, and closure if they fail to comply.
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