The Economic Crime Levy
Band sizes and fees
The Economic Crime Levy (ECL) will be paid as an annual fixed fee determined by the size banding into which a Money Laundering Regulations (MLR) supervised entity falls. This is based on their United Kingdom (UK) revenue in their accounting period ending in the previous financial year.
|ECL band size||UK revenue|
|Small||does not exceed £10.2 million|
|Medium||greater than £10.2 million but does not exceed £36 million|
|Large||greater than £36 million but does not exceed £1 billion|
|Very large||exceeds £1 billion|
Licensed casino operators must take all their UK revenue into account, and not just that derived from their casino gambling activity and services, when determining into which levy band they fall.
Fees for the ECL
|Band size||ECL fee|
The levy was first charged on entities that were MLR supervised at any time during the financial year from 1 April 2022 to 31 March 2023. The amount payable will be determined by reference to their size based on their UK revenue from accounting periods ending in that year.
Amounts will be payable by 30 September following the end of each financial year.
Introduction to the Economic Crime Levy Next section
How the Economic Crime Levy fee is calculated
Last updated: 19 October 2023
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