[2016] UKFTT 0674 (TC)

Judge Timothy Herrington, Ian Abrams

Decision released 7 October 2016

Money laundering – Whether appellant had breached requirements of the Money Laundering Regulations 2007 (SI 2007/2157) regarding the carrying out of customer due diligence monitoring business relationships keeping adequate records and maintaining appropriate risk sensitive policies and procedures – Yes – Whether penalty of £3,750 imposed appropriate – Penalty reduced to £3,094.

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