FAQs
Frequently Asked Questions
HMRC Anti Money Laundering Supervision, Fees & Registration
Alexander James Solicitors can provide step by step guidance to HMRC Anti Money Laundering (AML) registration for businesses such as Currency Exchange conversion services, International money transfers, Estate Agents, Accountants and other Professional Organisations providing Financial Services.
All businesses offering the above services need to register with HMRC for Anti Money Laundering supervision, this is a requirement for every business entity and trading brach or agents of the business entity unless you are within a certain threshold.
Alexander James can provide you advice and assistance together with the consultation for individual businesses and assistance in drafting policies.
With HMRC AML Supervision/Economic Crime registration needs in mind, we can assist in the legalities in setting up money services business registration.
- The Registration process involves:
- Filling in the Application form:
- We will liaise with you for the details requested on the form so as to provide correct and true details to the HMRC. Based on our experience, we will advise and guide on the best ways to fulfil the legal requirements of HMRC regarding the business plan and activities to be carried out and eligibility criteria in terms of work experience, fitness and propriety of the Responsible persons to be in charge of the business.
- Follow-up Queries:
- Once the application form is submitted, we will assist with any queries raised by the case worker by reviewing your application. Such queries normally involve policy documents of the business. (Risk Assessment and AML)
- Fees & Charges:
- The fee charged by the HMRC for submission of the application is GBP 300.00 per year, per location where the business will be carried out from. Fit and Proper tests for directors: One-off fee of GBP 150.00 per person.
- Our professional fees start from £1200.00 + VAT. We can assist in the application process from the initial stages to the end
For a free initial consultation contact our AML Team email: financial@alexanderjamessolicitors.co.uk
FCA Authorisation for Money Remittance Business
Alexander James Solicitors have experts who can assist with the legalities regarding many types of authorisations with the FCA.
Our team has experience in drafting policies and other documentations that are required by the FCA. To fulfil our clients needs our team are able to assist in the authorisations for Money Service Businesses SPI or API.
Our team will provide legal guidance on the different permissions required ie SPI or API.
Our services offered include the following:
- AML In House Training
- Our Initial Screening:
- Identifying the regulated activities of the Business.
- Discussing current organizational structure, governance, compliance program, risk assessment, business model and internal systems.
- MLRO Requirement
- Wind down plan requirements
- Application Preparation Includes:
- Tailoring your application pack
- Informing you about the contents of the application pack which varies, depending on your firm's size and the complexity of the operation.
- To minimize the after-submission queries from the FCA, we will prepare your firm's policies and procedures, business plan, internal control procedures and other supporting documents in a manner that answers most questions the first time around.
The final application pack will be then sent to you for review before submission - After Submission queries :
Our consultants will be on hand to help you answer any question the FCA case officer may ask after the application has been submitted. We will ensure the responses are sent to the case officer in a professional manner and to the point.
We can also assist if the FCA requires further discussion (in the form of an interview/meeting) on the application. - Final Outcome :
Once satisfied, the FCA case officer may issue some pre-approval conditions to meet before final authorization. We will assist you with the legal requirements in meeting those conditions. - When you receive the final authorization letter and your company is listed in FCA public register, we can arrange a meeting with you to hand over the compliance manual and framework and to discuss all the commitments made in the application which now need to be implemented in practice.
- Money remittance businesses are also required to be registered with HMRC, under MLR 2017. Our consultants will assist you to prepare and submit the policies required for these applications
- We will advise you on any refusal decision and guide you through the appeal process.
Our pacakage starts from £5,000 GBP (+VAT) + FCA Application Fee & HMRC Registration Fee
For free initial consultation contact our Money Remittance team email: financial@alexanderjamessolicitors.co.uk
What is a Sponsor Licence ?
Sponsorship License Immigration (Home office)
The Immigration Act (Home Office) requires all businesses that intend to employ talented workers from outside of the UK to first obtain a sponsorship licence from the UK Home Office.
Sponsorship licences are complex and any refusal may lead to a 6 Month bar before a further application can be made.
Alexander James Solicitors can assist and advise you on the requirements for obtaining a sponsorship licence with the Home Office in the following:
- Skilled Workers Visa - To be eligible for skilled worker visa the employer must offer a genuine job
- Monitoring & Compliance policy to manage sponsorship duties
- The Key Personnel has been appointed and thereof good character and dependable
- HR systems are in place to manage the employees
- The business is offering employment suitable for the skill requirement with a minimal salary guideline
Our package starts from £1000 GBP (+VAT) + The Home Office fee which presently is £536GBP.
For a free initial consultation contact our Immigration team email: sponsorlicence@alexanderjamessolicitors.co.uk
How can our immigration team help you ?
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Alexander James solicitors can offer one-off advice, and an application checking service or full support throughout the application and the appeal process including judicial review.
The services we offer:
- Spouse Visa to theUK
- Partners and Family Visa application services
- Indefinite Leave to Remain
- Exceptional Leave to remain in UK
- Visitors Visa Application
- Naturalisation
- Work Permits
- Sponsor Licence
- Student Visa
- Company setting up and Formation in UK
- Deportation
Fees & Charges
We do not offer legal aid, you may check your eligibility though www.gov.uk/check-legal-aid
At Alexander James our immigration team will clearly explain the cost of your case at outset so you know what you need to pay to fund the work Alexander James will carry out for you.
We can also offer fix fee and in some more complex cases this may not be suitable to fix a fee, however we will provide you and estimate on each stage of your case and we may be able to offer you instalment plans.
Our package starts from £500 (+ VAT) + the Home Office Fee for a basic support and advising you with the application.
For free initial consultation contact our immigration team email: sponsorlicence@alexanderjamessolicitors.co.uk
Business Hours
Welcome to Alexander James Solicitors, a specialist boutique practice that was established in 2017, by our Founding Partners, Claire Lines and Nadeem Malik, who are passionate about the practice areas that we offer. Sebina Noreen joined the practice in 2020 and has been a valuable asset for the firm.
Office: 0161 791 6666 | Email: info@alexanderjamessolicitors.co.uk
59 Cheetham Hill Road. Manchester. M4 4FS.
- Mon – Fri
- 09:00 am – 06:00 pm
- Sat – Sun
- Closed
Alexander James Solicitors is a trading style of Lines Solicitors Limited Company number (10681936) registered office 59 Cheetham Hill Road. Manchester. M4 4FS. England. This firm is authorised and regulated by the Solicitors Regulation Authority. SRA Number: 637901.
https://www.sra.org.uk
Copyright © 2022 Alexander James Solicitors.
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