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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