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.