MLR1PP13050 - Penalties guidance glossary: A to F
AMLS | Anti Money Laundering Supervision |
---|---|
ASPs | Accountancy Service Providers |
Assurance | The term previously used in Customs and Excise for Compliance in HMRC |
Breach | A civil offence under the Regulations. |
CCAB | Consultative Committee of Accountancy Bodies. |
A criminal investigation | An investigation by HMRC which may lead to criminal prosecution for a breach of the Regulations. |
Fraud Investigation Service (FIS) | The part of HMRC responsible for criminal investigations. |
CIT | Central Intervention Team. |
Clearing House | The initial point of contact whereby the Tribunal Service notify an appeal to HMRC for action. The Clearing House is managed by LC CCG Appeals. |
Client | A customer of a TCSP/ASP/EAB. |
Compliance | The part of HMRC responsible for Interventions and Compliance Visits |
CT Act | Counter Terrorism Act 2008 |
Culpable turnover | The amount we consider to have been potentially exposed to Money Laundering as a result of a regulatory breach. |
Culpable transaction | A relevant transaction where the Regulations were breached. |
CY | Current year |
Decision | Includes a penalty, amendment, determination, and any similar appealable notice. |
Decision Letter | The letter sent to the customers/business at the time the decision is issued. |
Decision Maker | Is the officer who has made the Decision to issue a penalty or the decision under review/appeal. |
EABs | Estate Agency Businesses |
Exposed clients | The number of TCSPs/ASPs/EABs clients who as a result of MLR breaches were not subject to MLR controls and due diligence measures. |
EEA | European Economic Area. |
Failing | An error which has led to, or is likely to lead to a breach of the Regulations. |
FATF | Financial Action Task Force. |