SCS Registered under HMRC Money Laundering Regulations Money laundering is exchanging criminally obtained money or other assets for 'clean' money or other assets with no obvious link to their criminal origins. It also covers money, however come by, which is used to fund terrorism. Money laundering is exchanging criminally obtained money or other assets for 'clean' money or other assets with no obvious link to their criminal origins. It also covers money, however come by, which is used to fund terrorism. The Money Laundering Regulations play a crucial role in safeguarding the UK financial system from organised criminals and terrorists. As a Payroll Service provider SCS has now been registered under the HMRC Money Laundering Regulations. As a result we are establishing anti-money laundering systems and processes to prevent money laundering and report any suspicious activity. SCS will work with its clients to ensure that best practice recruitment processes are in place, in order to minimise the risk of establishing 'bogus' employees, as a potential route to money laundering. Back to News