MLR1PP13100 - Penalties guidance: glossary: G to P
Gross Profit | Turnover less direct costs. |
---|---|
HMRC | Her Majesties Revenue and Customs. |
HVD | High Value Dealer. |
Intervention | A desk based, telephone or face to face enquiry by Compliance Officers. |
ML | Money Laundering. |
MLR IU | Money Laundering Regulations Intelligence Unit |
MLR 2007 | Money Laundering Regulations 2007. |
ML/TF | Money laundering and terrorist financing. |
MSB | Money Service Business. |
Officers | Officers of HMRC. |
Parallel Breach | A breach of both the 2003 and 2007 Regulations. |
Penalty Notice | A letter notifying a business or relevant individual within a business about a penalty. |
PY | Previous year. |