MLR1PP13050 - Penalties Guidance: Glossary: A to F

ASPs

Accountancy Service Providers.

Assurance

The term previously used in Customs and Excise for Compliance in HMRC.

Appeals Unit

The LC CCG Appeals & Review Team

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.

Criminal Investigation

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 or ASP.

Compliance

The part of HMRC responsible for Interventions and Compliance Visits.

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.

Exposed Clients

The number of TCSP's or ASP's 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 lead to, or is likely to lead to a breach of the Regulations.

FATF

Financial Action Task Force.