HMRC Is Shite

HMRC Is Shite
Dedicated to the taxpayers of Britain, and the employees of Her Majesty's Revenue and Customs (HMRC), who have to endure the monumental shambles that is HMRC.

Friday, 15 January 2021

MT Global Fined £23.8M for Money Laundering Non-Compliance

Accounting Web reports that MT Global Ltd has been issued with the largest ever fine (23.8M) for money laundering non-compliance by HMRC.

HMRC found the money transfer business had breached seven regulations between July 2017 and December 2019 including failures in risk assessments and associated record-keeping, policies, controls and procedures and fundamental customer due diligence measures.



Tax does have to be taxing.

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1 comment:

  1. And if you check the comments on the article there appears to be zero chance of the fine ever being paid

    ReplyDelete