The Government has introduced an economic crime levy (ECL) to fund its fight against the rise in economic crime and money laundering. 
The economic crime levy targets all licensed businesses in the United Kingdom who are subject to compliance with the Anti-Money Laundering act. It will be paid annually as a fixed fee depending on a firm’s revenue and will be collected by HM Revenue and Customs (HMRC), the Gambling Commission and the FCA.
The FCA will be responsible for collecting the levy from those firms that sit within their regulated population or are registered with them.   Firms affected are those subject to the money laundering regulations between 6 April 2022 and 5 April 2023, and include firms such as credit and financial institutions, auditors, trust or company service providers, estate agents and crypto asset exchange providers and independent legal professionals.
In order to ensure they are charged the correct amount all impacted firms must submit their data via new Reg Data Report (FIN074) from April 1st. Failure to do so could result in an administrative fee of £250 being imposed.
The new levy will appear on invoices from July 2023 onwards.
Read more abut the Economic Crime Levy here.