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Repeatedly Failing PSP Notification Report

Repeatedly Failing PSP Notification Report form with sections for reporting firm details, non-compliance nature, evidence, risk assessment, and declaration.
These templates are provided for operational guidance and may require adaptation to reflect jurisdictional requirements, tone-of-voice policies, and internal procedures.


This free, ready-to-use template supports PSPs in meeting their obligations under the UK Money Laundering Regulations 2017 (as amended).


When a counterparty PSP repeatedly fails to provide required payer or payee information in accordance with the MLRs, UK-based PSPs are required to notify the FCA. This includes consistent breaches of FATF Travel Rule data standards, such as missing names, account numbers, or unique identifiers in cross-border or domestic transfers.


This report template is designed to ensure structured, compliant submissions and includes:


  • Identification of the repeatedly failing PSP

  • Description of the recurring failures

  • Timeline of incidents and risk assessment

  • Measures taken by the reporting PSP

  • Date of last transaction or counterparty de-risking (if applicable)


By streamlining internal documentation and aligning with FCA expectations, this report template helps PSPs reduce regulatory risk and demonstrate proactive compliance with the Travel Rule.


Meet your legal duty. Strengthen sector-wide data integrity.


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