Transcription of 2017 No. FINANCIAL SERVICES
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S T A T U T O R Y I N S T R U M E N T S 2017 No. FINANCIAL SERVICES The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 Made - - - - 00 00 2017 Laid before Parliament 00 00 2017 Coming into force - - 26th June 2017 CONTENTS PART 1 Introduction 1. Citation and commencement 5 2. Prescribed regulations 5 3. General interpretation 6 4. Meaning of business relationship 10 5. Meaning of beneficial owner: bodies corporate or partnership 10 6. Meaning of beneficial owner: trusts and similar arrangements 11 7. Supervisory authorities 12 PART 2 Money laundering and Terrorist Financing CHAPTER 1 Application 8. Application 13 9. Carrying on business in the United Kingdom 14 10. Credit institutions and FINANCIAL institutions 14 11. Auditors and others 16 12. Independent legal professionals and trust or company service providers 16 13. Estate agents 17 14. High value dealers, casinos and auction platforms 17 15. Exclusions 17 CHAPTER 2 Risk Assessment and Controls 16.
168(4)(b), 402(1)(b), 417(1) and 428(3) of the Financial Services and Markets Act 2000(c), make the following Regulations. PART 1 Introduction Citation and commencement 1.—(1) These Regulations may be cited as the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
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