FTTTx MONEY LAUNDERING REGULATIONS 2007 – wholesaler of spirits in bond for cash – high value dealer – whether in breach of the Regulations – held yes – whether maximum penalty of andpound;5,000 imposed appropriate – held no, because maximum penalty imposed on the basis that the breach was deliberate and it was not proved that it was – held that the imposition of a penalty was appropriate and the amount was fixed at andpound;2,500 – appeal allowed in part
References: [2015] UKFTT 575 (TC)
Links: Bailii
Statutes: Money Laundering Regulations 2007
Jurisdiction: England and Wales
Last Update: 15 October 2020; Ref: scu.556201
