John
Yes we do have money laundering restrictions in the UK
"
A HVD is any business prepared to accept high value payments (HVPs). A
HVP is a payment of at least €15,000 (or equivalent in any currency) in
cash for goods, whether it be in a single transaction or in several
instalments. This includes circumstances where your customer deposits
cash directly into your bank account.
If you are a HVD you need to:
* put anti-money laundering systems in place so that you can
identify and prevent money laundering and report any suspicious activities
* register with us - failure to register with HM Revenue & Customs
before beginning to trade and/or accepting HVPs (of €15,000 or more)
will result in a penalty
* pay an annual fee based on the number of premises through which
you accept HVPs
* report changes during the registration year
"
Andrew Stirling
01250 874580
http://www.calcpay.co.uk
HMRC Accredited UK payroll program
John Weller wrote:
> Hi Pete,
>
> I don't do automatic deposits (whatever they may be) and we don't have HMRC
> (Her Majesty's Revenue and Customs) benchmarks I'm please to say.
>
> John Weller
> 01380 723235
> 07976 393631
>
_______________________________________________
Post Messages to: [email protected]
Subscription Maintenance: http://leafe.com/mailman/listinfo/profox
OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech
Searchable Archive: http://leafe.com/archives/search/profox
This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED]
** All postings, unless explicitly stated otherwise, are the opinions of the
author, and do not constitute legal or medical advice. This statement is added
to the messages for those lawyers who are too stupid to see the obvious.
