beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

MLR1 Penalties Guidance

Penalties guidance: glossary: Q to Z

Regulations or MLR 2017 The Money Laundering, Terrorist Financing and Transfer of Funds (information on the Payer) Regulations 2017
   
Relevant Customer/Client A customer of an ASP/TCSP/EAB who was provided with a regulated product or service during the relevant period.
Relevant Period The period when any breach of the Regulations took place.
Relevant Transaction A business transaction which is covered by the Regulations.
Relevant Turnover Total turnover from regulated activity in the relevant period.
Related Breach Breaches of linked Regulations such as those relating to customer-due-diligence measures and risk assessments.
RTT Risk Targeting Team.
Review The statutory review of a Decision introduced by the Transfer of Tribunal Functions and Revenue Appeals Order 2009.
Reviewing Officer The CCG Appeals Officer undertaking the Review
Review Period The period within which a Review must be completed. This is 45 calendar days. The period may be extended by agreement with the customer/business
TCSPs Trust or Company Service Providers.
TF Terrorist Financing
Trading Undertaking regulated activity by way of Business.
Transfer of Funds Regulations UK legislation now in The Money Laundering, Terrorist Financing and Transfer of Funds (information on the Payer) Regulations 2017 part 7 and Regulation EU 2015/847 information accompanying transfer of funds
Tribunal Caseworker The CCG Appeals Officer preparing an appeal for a tribunal hearing.
Turnover Business Income from trading goods and services.