MLR1PP13150 - 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. |