[2014] UKFTT 711 (TC)

Judge Michael S Connell, Mr Richard Crosland

Decision released 22 July 2014

Money laundering regulations – Penalty for failure to register – Whether the appellant had taken all reasonable steps and exercised all due diligence to ensure that it complied with its obligations – Whether HMRC were precluded from issuing a penalty – Appeal dismissed and penalty confirmed.



  Mr Leslie Isaacs and Mrs R Isaacs, joint proprietors of the Appellant company

  Ms Caine, Officer of HM Revenue and Customs, appeared for the Respondents

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