Hi Andrew, Thanks for that - I wasn't aware. I don't deal in large sums of money since I retired <g>. I still think it is [OT] :-)
John Weller 01380 723235 07976 393631 > -----Original Message----- > From: [EMAIL PROTECTED] > [mailto:[EMAIL PROTECTED] On Behalf Of Andrew Stirling > Sent: 06 November 2008 10:28 > To: [EMAIL PROTECTED] > Subject: Re: Amount of money deposited into banks and IRS > > 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 > > > > > [excessive quoting removed by server] _______________________________________________ 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.
