| Guvnor

Enforced by: HMRC, FCA, SRA, LSB, Home Office
Status: Amended (in force with amendments)
Penalty ceiling: Imprisonment 15 of 102 obligations carry an unlimited fine. 16 carry different penalties and 71 have no criminal penalty — flagged in the list below.

Does it bind you?

Business-side roles with duties under this instrument.

Any Person32 Trader18 Responsible Person12 Director or Officer5 Financial Services Firm4 Trustee3 Employer1 Operator1

Plus 26 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Any Person — also bound by 2340 other Acts

Human Medicines Regulations 2012 184 duties

Merchant Shipping Act 1995 144 duties

Insolvency (England and Wales) Rules 2016 104 duties

Communications Act 2003 92 duties

Road Traffic Act 1988 92 duties

Trader — also bound by 825 other Acts

Value Added Tax Regulations 1995 416 duties

Companies Act 2006 243 duties

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 133 duties

Companies Act 1985 85 duties

Insolvency (England and Wales) Rules 2016 62 duties

Responsible Person — also bound by 108 other Acts

MH(CT)(S)A 2003 30 duties

Climate Change Levy (General) Regulations 2001 24 duties

Offshore Installations (Offshore Safety Directive) (Safety Case ) Regulations 2015 21 duties

The Offshore Installations (Prevention of Fire and Explosion, and Emergency Response) Regulations 1995 21 duties

The Offshore Installations (Safety Case) Regulations 2005 19 duties

Director or Officer — also bound by 429 other Acts

Insolvency (England and Wales) Rules 2016 162 duties

Companies Act 2006 126 duties

Insolvency Act 1986 77 duties

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 68 duties

Building Societies Act 1986 32 duties

Financial Services Firm — also bound by 167 other Acts

Commission Delegated Regulation (EU) No 231/2013 of 19 December 2012 supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to exemptions, general operating conditions, depositaries, leverage, transparency and supervision (Text with EEA relevance) 63 duties

Friendly Societies Act 1992 52 duties

Commission Delegated Regulation (EU) No 153/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on requirements for central counterparties (Text with EEA relevance) 52 duties

The Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges , Clearing Houses and Central Securities Depositories ) Regulations 2001 50 duties

The Credit Unions (Northern Ireland) Order 1985 43 duties

Trustee — also bound by 104 other Acts

The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 79 duties

The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022 40 duties

Charities Act 2011 27 duties

Charities Act (Northern Ireland) 2008 22 duties

Insolvency (England and Wales) Rules 2016 21 duties

Employer — also bound by 682 other Acts

The Income Tax (Pay As You Earn) Regulations 2003 241 duties

Provision and Use of Work Equipment Regulations 1998 120 duties

TULRCA 1992 72 duties

Income Tax (Earnings and Pensions) Act 2003 54 duties

Employment Rights (Northern Ireland) Order 1996 (current NI employment law) 53 duties

Operator — also bound by 746 other Acts

Regulation (EU) No 965/2012 (Air Operations) 203 duties

Commission Implementing Regulation (EU) 2018/2066 of 19 December 2018 on the monitoring and reporting of greenhouse gas emissions pursuant to Directive 2003/87/EC of the European Parliament and of the Council and amending Commission Regulation (EU) No 601/2012 (Text with EEA relevance) 121 duties

Commission Regulation (EU) No 601/2012 of 21 June 2012 on the monitoring and reporting of greenhouse gas emissions pursuant to Directive 2003/87/EC of the European Parliament and of the Council (Text with EEA relevance) (repealed) 112 duties

Space Industry Regulations 2021 76 duties

Regulation (EU) 2016/429 of the European Parliament and of the Council of 9 March 2016 on transmissible animal diseases and amending and repealing certain acts in the area of animal health (‘Animal Health Law’) (Text with EEA relevance) 66 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

Part 1

Introduction

1 of 7 sections shown

s.007 Supervisory authorities Regulated

Identify which regulator supervises your anti-money laundering complianceResponsible Person

6 other sections in this Part — procedural and definitional

s.001 Citation and commencement

s.002 Prescribed regulations

s.003 General interpretation

s.004 Meaning of business relationship

s.005 Meaning of beneficial owner: bodies corporate or partnership

s.006 Meaning of beneficial owner: trusts, similar arrangements and others

Part 2

Money Laundering and Terrorist Financing

12 of 23 sections shown

s.016 Risk assessment by the Treasury Regulated

Other duties (1) — Crown / regulator

The Treasury must assess risks related to weapons of mass destruction financingCrown / Minister / Government department

s.016 Risk assessment by the Treasury and Home Office Regulated

Other duties (1) — Crown / regulator

HM Treasury and Home Office must conduct and publish UK money laundering risk assessmentsCrown / Minister / Government department

s.017 Risk assessment by supervisory authorities Regulated

Other duties (1) — Crown / regulator

Supervisors must assess sector risks and provide guidance to businessesStatutory regulator

s.018 Risk assessment by relevant persons in relation to proliferation financing Prosecution

Assess and record proliferation financing risksAny Person
Assess your business risk for proliferation financingResponsible Person

Unlimited fine

s.018 Risk assessment by relevant persons Prosecution

Assess your business risks for money laundering and terrorist financingResponsible Person
Carry out and record a money‑laundering risk assessmentAny Person

Unlimited fine

s.019 Policies, controls and procedures in relation to proliferation financing Prosecution

Establish and maintain proliferation financing policies and controlsResponsible Person
Maintain policies and controls to prevent proliferation financingTrader

Unlimited fine

s.019 Policies, controls and procedures Prosecution

Establish and maintain anti-money laundering policies and proceduresResponsible Person
Establish, maintain and update AML policies, controls and proceduresTrader

Unlimited fine

s.020 Policies, controls and procedures: group level Regulated

Establish and maintain anti-money laundering procedures across your groupDirector or Officer
Implement and maintain AML policies across the whole groupDirector or Officer

s.021 Internal controls Regulated

Set up internal anti-money laundering controls and appointmentsResponsible Person

s.024 Training Regulated

Train relevant staff and agents on anti-money laundering requirementsResponsible Person

s.025 Supervisory action Regulated

Follow FCA supervisory directionsEmployer

Other duties (1) — Crown / regulator

Supervisors must review and may restrict high-risk overseas operationsStatutory regulator

s.026 Prohibitions and approvals Imprisonment

Act as manager/officer or be beneficial owner without regulator approvalAny Person
Operating a regulated business without proper management approvalAny Person

11 other sections in this Part — procedural and definitional

s.008 Application

s.009 Carrying on business in the United Kingdom

s.010 Credit institutions and financial institutions

s.011 Auditors and others

s.012 Independent legal professionals and trust or company service providers

s.013 Estate agents and letting agents

s.014 High value dealers, casinos, auction platforms and art market participants

s.015 Exclusions

s.022 Central contact points: electronic money issuers and payment service providers

s.023 Requirement on authorised person to inform the FCA

s.cryptoasset exchange providers and custodian walle Cryptoasset exchange providers and custodian wallet providers

Part 3

Customer Due Diligence

6 of 13 sections shown

s.027 Customer due diligence Regulated

Carry out customer due diligence checks when requiredResponsible Person

s.030 Requirement to report discrepancies in registers Prosecution

Check ownership registers and report discrepanciesResponsible Person
Report material discrepancies in beneficial‑ownership registersAny Person

Unlimited fine

s.030 Timing of verification Regulated

Verify customer and beneficial‑owner identity before doing businessAny Person
Verify customer identity before starting a business relationshipResponsible Person

s.034 Enhanced customer due diligence: credit institutions, financial institutions and correspondent relationships Regulated

Perform enhanced due diligence on overseas banking partnersFinancial Services Firm
Apply enhanced due diligence to third‑country correspondent relationships and avoid shell banksTrader

s.037 Application of simplified customer due diligence Prosecution

Assess and apply simplified customer due diligence for low-risk clientsResponsible Person
Apply simplified due diligence only where risk is lowAny Person

Unlimited fine

s.038 Electronic money Regulated

Monitor electronic money transactions for suspicious activityFinancial Services Firm

7 other sections in this Part — procedural and definitional

s.028 Customer due diligence measures

s.029 Additional customer due diligence measures: credit institutions and financial institutions

s.031 Requirement to cease transactions etc

s.032 Exception for trustees of debt issues

s.033 Obligation to apply enhanced customer due diligence

s.035 Enhanced customer due diligence: politically exposed persons

s.036 Politically exposed persons: other duties

Part 4

Reliance and Record-keeping

1 of 3 sections shown

s.041 Data Protection Regulated

Provide data‑protection statement to new customersAny Person
Limit use of anti-money laundering data and notify customersResponsible Person

2 other sections in this Part — procedural and definitional

s.039 Reliance

s.040 Record-keeping

Part 5

Beneficial Ownership Information

5 of 6 sections shown

s.043 Corporate bodies: obligations Regulated

Provide corporate and ownership information to business partners or authoritiesAny Person

s.044 Trustee obligations Regulated

Maintain and disclose trust beneficial ownership recordsTrustee
Maintain and provide records of trust beneficial ownersAny Person

s.045 Register of beneficial ownership: additional types of trust Regulated

s.045 Access to information on the register Regulated

Other duties (1) — Crown / regulator

HMRC must provide trust register information to persons with a legitimate interestStatutory regulator

s.045 Register of beneficial ownership Prosecution

Register your trust and its beneficial owners with HMRCTrustee
Provide and keep up‑to‑date information on taxable trusts to HMRCAny Person

Unlimited fine

1 other section in this Part — procedural and definitional

s.042 Application of this Part

Part 5

Requests for information about accounts and safe-deposit boxes

0 of 8 sections shown

8 other sections in this Part — procedural and definitional

s.045 Duty to establish mechanism for requests

s.045 Duty to respond to requests for information

s.045 Interpretation

s.access to requests and responses, guidance and rev Access to requests and responses, guidance and review

s.record keeping Record keeping

s.requests for information about accounts Requests for information about accounts

s.requests for information about safe-deposit boxes Requests for information about safe-deposit boxes

s.requirements for making a request for information Requirements for making a request for information

Part 6

Money Laundering and Terrorist Financing: Supervision and Registration

13 of 23 sections shown

s.046 Annual reports by self-regulatory organisations Regulated

Publish an annual AML reportAny Person

Other duties (1) — Crown / regulator

Self-regulatory organisations must publish annual anti-money laundering reportsStatutory regulator

s.046 Duties of supervisory authorities Regulated

Other duties (1) — Crown / regulator

Supervisory authorities must monitor and enforce anti-money laundering rulesStatutory regulator

s.047 Duties of supervisory authorities: information Regulated

Other duties (1) — Crown / regulator

Supervisors must provide up-to-date money laundering risk informationStatutory regulator

s.048 Duties of the FCA: guidance on politically exposed persons Regulated

Other duties (1) — Crown / regulator

FCA must provide detailed guidance on Politically Exposed Persons (PEPs)Statutory regulator

s.049 Duties of self-regulatory organisations Prosecution

Put in place governance and resources for AML supervisory dutiesAny Person

Other duties (1) — Crown / regulator

Self-regulatory bodies must ensure independent and effective anti-money laundering supervisionStatutory regulator

Unlimited fine

s.050 Duty to co-operate Regulated

Other duties (1) — Crown / regulator

Supervisory authorities must co-operate and share informationStatutory regulator

s.051 Regulatory information Regulated

Other duties (1) — Crown / regulator

Supervisory authorities must collect and share regulatory informationStatutory regulator

s.052 Obligation of confidentiality: offence Imprisonment

Disclose confidential AML informationAny Person
Unlawfully disclose confidential anti-money laundering informationAny Person

s.054 Duty to maintain registers of certain relevant persons Regulated

Other duties (1) — Crown / regulator

FCA and HMRC must maintain registers of money laundering regulated businessesStatutory regulator

s.055 Power to maintain registers Regulated

Other duties (1) — Crown / regulator

FCA and HMRC may maintain registers of certain financial and business typesStatutory regulator

s.057 Applications for registration in a register maintained under regulation 54 or 55 Regulated

s.060 Disclosure by cryptoasset businesses Regulated

Inform customers about lack of regulatory protectionFinancial Services Firm
Inform customers when activity is not covered by FOS or FSCSTrader

s.060 Cancellation and suspension of registration in a register under regulation 54 or 55 Regulated

Other duties (1) — Crown / regulator

Regulators may suspend or cancel your money laundering registrationStatutory regulator

10 other sections in this Part — procedural and definitional

s.052 Disclosure by supervisory authorities and other relevant authorities

s.053 Interpretation

s.056 Requirement that cryptoasset firms acting as cryptoasset exchange providers or custodian wallet providers inform the FCA

s.056 Requirement to be registered

s.058 Fit and proper test

s.059 Determination of applications for registration under regulations 54 and 55

s.changes in control of registered cryptoasset busin Changes in control of registered cryptoasset businesses

s.fit and proper test: cryptoasset businesses Fit and proper test: cryptoasset businesses

s.obligation of confidentiality Obligation of confidentiality

s.transitional provision for existing cryptoasset bu Transitional provision for existing cryptoasset businesses: requirement to register

Part 7

Transfer of Funds (Information on the Payer) Regulations

2 of 4 sections shown

s.063 Duties of transfer of funds supervisory authorities Regulated

Other duties (1) — Crown / regulator

Supervisory authorities must monitor and enforce payment service complianceStatutory regulator

s.064 Obligations of payment service providers Prosecution

Be able to respond quickly to authorised law‑enforcement enquiriesTrader
Respond to law enforcement enquiries about fund transfersOperator

Unlimited fine

2 other sections in this Part — procedural and definitional

s.061 Interpretation

s.062 Transfer of funds supervisory authorities

Part 7

Cryptoasset Transfers

6 of 8 sections shown

s.064 Information accompanying an inter-cryptoasset business transfer Regulated

Include and verify required information for cryptoasset transfersTrader

s.064 Missing or non-corresponding information: the cryptoasset business of a beneficiary Regulated

Verify cryptoasset transfer information and manage discrepanciesTrader
Verify and manage information for incoming cryptoasset transfersTrader

s.064 Missing information: intermediaries Prosecution

Check and obtain required information before transferring cryptoassetsTrader
Verify cryptoasset transfer information as an intermediaryTrader

Unlimited fine

s.064 Retention of information with an inter-cryptoasset business transfer: intermediaries Prosecution

Pass on information during cryptoasset transfersTrader
Ensure required information travels with cryptoasset transfersTrader

Unlimited fine

s.064 Requesting information: unhosted wallet transfers and cryptoasset businesses Prosecution

Request AML information for unhosted wallet transfersTrader
Assess risks and restrict unhosted wallet transfersTrader

Unlimited fine

s.064 Provision of information Prosecution

Provide requested information to law enforcement promptlyTrader
Respond to law enforcement requests for cryptoasset informationTrader

Unlimited fine

2 other sections in this Part — procedural and definitional

s.application of this part Application of this Part

s.interpretation Interpretation

Part 8

Information, Investigation and Directions

4 of 13 sections shown

s.071 Retention of documents taken under regulation 66 or 70 Regulated

Cooperate with the retention of records seized during inspectionsAny Person

s.074 Reporting requirements: cryptoasset businesses Regulated

Provide information to the FCA when requestedFinancial Services Firm

s.074 Report by a skilled person: cryptoasset businesses Prosecution

Appoint a skilled person and cooperate with FCA report requestTrader

Other duties (1) — Crown / regulator

FCA may require a skilled person's report on your cryptoasset businessStatutory regulator

Unlimited fine

s.074 Directions: cryptoasset businesses Regulated

Comply with FCA directions and respond to noticesTrader

Other duties (1) — Crown / regulator

FCA may issue specific directions to cryptoasset businessesStatutory regulator

9 other sections in this Part — procedural and definitional

s.065 Interpretation

s.066 Power to require information

s.067 Requests in support of other authorities

s.068 Requests to other authorities

s.069 Entry, inspection of premises without a warrant etc

s.070 Entry of premises under warrant

s.072 Provision of information and warrants: safeguards

s.073 Admissibility of statements

s.074 Powers of relevant officers

Part 9

Enforcement

10 of 18 sections shown

s.076 Power to impose civil penalties: fines and statements Prosecution

Breach of money laundering and terrorist financing regulationsDirector or Officer

Unlimited fine

s.077 Power to impose civil penalties: suspension and removal of authorisation Regulated

Serious or systematic failure to provide fund transfer informationAny Person

s.078 Power to impose civil penalties: prohibitions on management Regulated

Employing an individual banned from management rolesAny Person

s.083 The Commissioners: disciplinary measures (procedure) Regulated

Other duties (1) — Crown / regulator

HMRC must follow specific procedures when imposing money laundering sanctionsStatutory regulator

s.084 Publication: the FCA Regulated

Keep FCA warning notices confidentialAny Person

Other duties (1) — Crown / regulator

FCA must publish details of money laundering decision and final noticesStatutory regulator

s.085 Publication: the Commissioners Regulated

Other duties (1) — Crown / regulator

HMRC must publish details of money laundering sanctions and breachesStatutory regulator

s.086 Criminal offence Imprisonment

Breach of money laundering or terrorist financing requirementsAny Person
Fail to comply with money‑laundering requirementsAny Person

s.087 Offences of prejudicing investigations Imprisonment

Interfering with money laundering investigationsAny Person
Prejudice a money‑laundering investigationAny Person

s.088 Information offences Imprisonment

Provide false information or disclose restricted info to regulatorsAny Person
Provide false or misleading information or unlawful disclosureAny Person

s.092 Offence by bodies corporate, partnership or unincorporated association Imprisonment

Officer liable for corporate money‑laundering offenceDirector or Officer
Personal liability for officers behind company money laundering offencesDirector or Officer

8 other sections in this Part — procedural and definitional

s.075 Meaning of “relevant requirement”

s.079 Imposition of civil penalties

s.080 Injunctions

s.081 The FCA: disciplinary measures (procedure)

s.082 The FCA: procedure (general)

s.089 Proceedings: general

s.090 Proceedings: jurisdiction

s.091 Proceedings: partnership or unincorporated association

Part 10

Appeals

4 of 8 sections shown

s.095 Review by the Commissioners Regulated

Notify the Commissioners within 30 days if you want a reviewAny Person

Other duties (1) — Crown / regulator

HMRC must review a decision if you accept their offer of a reviewStatutory regulator

s.097 Review out of time Regulated

Request a review out of timeAny Person

Other duties (1) — Crown / regulator

HMRC must review a decision if a late request has a reasonable excuseStatutory regulator

s.098 Nature of review etc Regulated

Other duties (1) — Crown / regulator

HMRC must conduct and notify the outcome of a manual reviewStatutory regulator

s.100 Appeals against decisions of the Commissioners: procedure Regulated

Appeal a Commissioner decision within the prescribed timeAny Person

4 other sections in this Part — procedural and definitional

s.093 Appeals against decisions of the FCA

s.094 Offer of review

s.096 Extensions of time

s.099 Appeals against decisions of the Commissioners

Part 11

Miscellaneous Provisions

2 of 11 sections shown

s.102 Costs of supervision Regulated

Pay FCA supervision charges when imposedAny Person

Other duties (1) — Crown / regulator

FCA and HMRC may charge fees for anti-money laundering supervisionStatutory regulator

s.104 Suspicious activity disclosures Regulated

Other duties (1) — Crown / regulator

NCA must provide annual feedback on suspicious activity reportsStatutory regulator

9 other sections in this Part — procedural and definitional

s.101 Recovery of charges and penalties through the court

s.103 Obligations on public authorities

s.105 Disclosure by the Commissioners

s.106 General restrictions

s.107 Transfers between the United Kingdom and the Channel Islands and the Isle of Man

s.108 Review

s.109 Consequential amendments

s.110 Revocation and saving provisions

s.the united kingdom’s financial intelligence unit The United Kingdom’s financial intelligence unit

Schedules

2 of 189 shown

s.sch003 Relevant Offences Imprisonment

Make a false statement under oath (perjury)Any Person

s.sch006b Changes in Control of Registered Cryptoasset Businesses Imprisonment

Fail to notify FCA of acquisition or increase in control of a cryptoasset businessAny Person

187 other schedules

s.sch001 Professional Bodies

s.sch001 Association of Accounting Technicians

s.sch001 Faculty Office of the Archbishop of Canterbury

s.sch001 General Council of the Bar

s.sch001 General Council of the Bar of Northern Ireland

s.sch001 Insolvency Practitioners Association

s.sch001 Institute of Certified Bookkeepers

s.sch001 Institute of Chartered Accountants in England and Wales

s.sch001 Institute of Chartered Accountants in Ireland

s.sch001 Institute of Chartered Accountants of Scotland

s.sch001 Institute of Financial Accountants

s.sch001 International Association of Bookkeepers

s.sch001 Association of Chartered Certified Accountants

s.sch001 Law Society

s.sch001 Law Society of Northern Ireland

s.sch001 Law Society of Scotland

s.sch001 Association of International Accountants

s.sch001 Association of Taxation Technicians

s.sch001 Chartered Institute of Legal Executives

s.sch001 Chartered Institute of Management Accountants

s.sch001 Chartered Institute of Taxation

s.sch001 Council for Licensed Conveyancers

s.sch001 Faculty of Advocates

s.sch002 Listed Activities

s.sch002 The activities ... are— Lending including, inter alia: consumer credit, credit agreements relating to...

s.sch003 An offence under the Perjury Act 1911 .

s.sch003 An offence under section 11(1) (undischarged bankrupts) or 13 (criminal...

s.sch003 An offence under section 1, 2, 3, 3ZA or 3A...

s.sch003 An offence under section 112 (false representations or obtaining benefit)...

s.sch003 An offence under section 52 of the Criminal Justice Act...

s.sch003 An offence under the Value Added Tax Act 1994 ....

s.sch003 An offence under section 44(2) of the Criminal Law (Consolidation)...

s.sch003 An offence under the Data Protection Act 1998 .

s.sch003 An offence under the Terrorism Act 2000 .

s.sch003 An offence under paragraph 7(2) or (3) of Schedule 3...

s.sch003 An offence under the Money Laundering Regulations 2001 , the...

s.sch003 An offence under section 89 of the Criminal Justice Act...

s.sch003 An offence under section 35 of the Tax Credits Act...

s.sch003 An offence under Part 7 (money laundering) or Part 8...

s.sch003 An offence under the Commissioners for Revenue and Customs Act...

s.sch003 An offence under the Terrorism Act 2006 .

s.sch003 An offence under section 1, 2, 6 or 7 of...

s.sch003 An offence under section 45 of the Serious Crime Act...

s.sch003 An offence under Parts 1 (general privacy protections); 2 (lawful...

s.sch003 An offence under section 45 (failure to prevent facilitation of...

s.sch003 An offence under the Data Protection Act 2018, apart from...

s.sch003 An offence of cheating the public revenue.

s.sch003 An offence under the law of any part of the...

s.sch003 An offence under section 20BB of the Taxes Management Act...

s.sch003 Any offence which has deception or dishonesty as one of...

s.sch003 The common law offences of conspiracy to defraud and perverting...

s.sch003 An offence of attempting, conspiring or inciting the commission of...

s.sch003 An offence under section 44 of the Serious Crime Act...

s.sch003 An offence of aiding, abetting, counselling or procuring the commission...

s.sch003 An act which— (a) constituted an offence under the law...

s.sch003 An offence under section 11 of the European Communities Act...

s.sch003 An offence under Article 10 of the Perjury (Northern Ireland)...

s.sch003 An offence under the Customs and Excise Management Act 1979...

s.sch003 An offence under the Estate Agency Act 1979, or specified...

s.sch003 An offence under any of sections 1 to 5 of...

s.sch003 An offence under section 35 of the Administration of Justice...

s.sch003a Excluded Trusts

s.sch003a Legislative Trusts

s.sch003a Financial markets infrastructure

s.sch003a Professional services

s.sch003a Client money etc.

s.sch003a Capital markets etc.

s.sch003a Commercial transactions

s.sch003a Registration of assets

s.sch003a Trusts meeting legislative requirements

s.sch003a A trust of property in respect of which a direction...

s.sch003a A trust of funds derived from a payment—

s.sch003a A trust holding tenants’ contributions for the purposes of section...

s.sch003a Trusts imposed by court order

s.sch003a The plan trust of a share incentive plan which meets...

s.sch003a A trust created under a share option scheme that meets...

s.sch003a A trust holding property for a beneficiary who is a...

s.sch003a Public authorities

s.sch003a Interpretation

s.sch003a Pension scheme trusts

s.sch003a Trusts of insurance policies

s.sch003a Charitable trusts

s.sch003a Pilot trusts

s.sch003a Bank accounts for minors etc

s.sch003a Trusts having effect on death

s.sch003a A trust where— (a) the trust is holding only benefits...

s.sch003a Co-ownership

s.sch003aza Material Discrepancies

s.sch003za High-Risk Third Countries

s.sch004 Supervisory Information

s.sch004 The number of persons subject to the supervision of the...

s.sch004 The number of times the supervisory authority has—

s.sch004 The number of times the supervisory authority has exercised any...

s.sch004 The number of contraventions of these Regulations committed by supervised...

s.sch004 The number of contraventions of these Regulations identified upon exercise...

s.sch004 The number and amount of penalties or charges which have...

s.sch004 The number of times the supervisory authority has exercised the...

s.sch004 The number of times the supervisory authority or any of...

s.sch004 A copy of any suspicious activity disclosure (within the meaning...

s.sch004 The number of supervised persons who have contravened requirements imposed...

s.sch004 Information on the money laundering and terrorist financing practices that...

s.sch004 Indications that the supervisory authority considers to suggest that a...

s.sch004 The amount of human resource allocated by the supervisory authority...

s.sch004 The number of supervised persons who are individuals.

s.sch004 In the case of a self-regulatory organisation, the number of...

s.sch004 The services provided by supervised persons.

s.sch004 The number of firms subject to the supervision of the...

s.sch004 The number of applications for approval received by the supervisory...

s.sch004 The number of approvals under regulation 26 which were not...

s.sch004 In the case of a self-regulatory organisation, the number, amount...

s.sch005 Connected Persons

s.sch005 Corporate Bodies

s.sch005 Partnerships

s.sch005 Unincorporated Associations

s.sch005 Individuals

s.sch006 Meaning of “relevant requirement”

s.sch006 For the purposes of Part 9 of these Regulations, “relevant...

s.sch006 The requirements specified in this paragraph are those imposed in—...

s.sch006 The requirements specified in this paragraph are those imposed in...

s.sch006 The requirements specified in this paragraph are those imposed in—...

s.sch006 The requirements specified in this paragraph are those imposed under—...

s.sch006 The requirement specified in this paragraph is the requirement imposed...

s.sch006 The requirements specified in this paragraph are those imposed in—...

s.sch006 The requirements specified in this paragraph are those—

s.sch006 The requirements specified in this paragraph are those imposed in...

s.sch006 The requirements specified in this paragraph are those imposed in—...

s.sch006 The requirements specified in this paragraph are those imposed in...

s.sch006a The United Kingdom’s Financial Intelligence Unit

s.sch006a Interpretation

s.sch006a Where an obligation arises under this Schedule for the NCA...

s.sch006a The NCA is not required to comply with the duty...

s.sch006a The NCA must have particular regard— (a) where making a...

s.sch006a Requests for information by the NCA to foreign FIUs

s.sch006a The NCA must address a request for the information to...

s.sch006a Where the NCA makes a request to a foreign FIU...

s.sch006a Conditions and restrictions on use of information received by the NCA from foreign FIUs

s.sch006a Reports to the National Crime Agency

s.sch006a Co-operation

s.sch006a Provision of information in response to external requests

s.sch006a Where an external request is received and the NCA does...

s.sch006a The NCA must designate at least one point of contact...

s.sch006a Where the NCA has provided relevant information to a foreign...

s.sch006a Where the NCA provides relevant information in response to an...

s.sch006a Conditions and restrictions on provision or further dissemination of relevant information

s.sch006b Modifications: Control over registered cryptoasset exchange providers and registered custodian wallet providers

s.sch006b Interpretation

s.sch007 Consequential Amendments

s.sch007 Solicitors (Scotland) Act 1980

s.sch007 Finance Act 2014

s.sch007 Bank of England and Financial Services Act 2016

s.sch007 Estate Agents (Undesirable Practices) (No 2) Order 1991

s.sch007 Public Interest Disclosure (Prescribed Persons) Order (Northern Ireland) 1999

s.sch007 Terrorism Act 2000 (Crown Servants and Regulators) Regulations 2001

s.sch007 Representation of the People (England and Wales) Regulations 2001

s.sch007 Representation of the People (Scotland) Regulations 2001

s.sch007 Financial Services and Markets Act 2000 (Regulated Activities) Order 2001

s.sch007 Open-Ended Investment Companies Regulations 2001

s.sch007 Proceeds of Crime Act 2002 (Disclosure of information to and by Lord Advocate and Scottish Ministers) Order 2003

s.sch007 Northern Ireland Act 1998

s.sch007 Proceeds of Crime Act 2002 (Failure to Disclose Money Laundering: Specified Training) Order 2003

s.sch007 Legislative and Regulatory Reform (Regulatory Functions) Order 2007

s.sch007 Representation of the People (Northern Ireland) Regulations 2008

s.sch007 Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009

s.sch007 Payment Services Regulations 2009

s.sch007 Companies (Disclosure of Address) Regulations 2009

s.sch007 Overseas Companies Regulations 2009

s.sch007 Defence and Security Public Contracts Regulations 2011

s.sch007 Electronic Money Regulations 2011

s.sch007 Terrorism Act 2000 and Proceeds of Crime Act 2002 (Business in the Regulated Sector) (No 2) Order 2012

s.sch007 Financial Services and Markets Act 2000

s.sch007 Payment to Treasury of Penalties (Enforcement Costs) Order 2013

s.sch007 Public Interest Disclosure (Prescribed Persons) Order 2014

s.sch007 Companies (Disclosure of Date of Birth Information) Regulations 2015

s.sch007 Payment Accounts Regulations 2015

s.sch007 Register of People with Significant Control Regulations 2016

s.sch007 Economic Growth (Regulatory Functions) Order 2017

s.sch007 Terrorism Act 2000

s.sch007 Criminal Justice and Police Act 2001

s.sch007 Proceeds of Crime Act 2002

s.sch007 Counter-Terrorism Act 2008

s.sch007 Borders, Citizenship and Immigration Act 2009

s.sch007 Crime and Courts Act 2013

Help complying

Guvnor’s practical routes through this instrument.

Meet anti-money laundering requirements

Essential guide to AML compliance for UK businesses in regulated sectors. Covers registration with supervisors, customer due diligence, suspicious activity reporting, appointing …

Manage your export compliance

Ongoing compliance for established exporters - export controls, sanctions, bribery prevention, and regulatory requirements

Export controlled goods and dual-use items

Compliance-critical guidance for exporting military items, dual-use technology, or goods subject to sanctions - with penalties up to 10 years imprisonment

Start a financial services business

Launch an FCA-regulated financial services business with proper authorisation

Start a fintech business

Launch a financial technology business requiring FCA authorisation

Ongoing compliance for law firms

Learning path for maintaining regulatory compliance at an authorised law firm: annual renewal cycle, COLP and COFA reporting, client account management, AML …

Anti-money laundering (AML) compliance

Essential guide to AML compliance for UK businesses under the Money Laundering Regulations 2017.

Anti-money laundering compliance for law firms

How to meet anti-money laundering obligations as a solicitor or law firm in England and Wales. Covers the firm-wide risk assessment, client …

Cryptoasset Business Regulation

Regulatory requirements for cryptoasset businesses in the UK - how token classification determines whether you need full FCA authorisation or Money Laundering …

Legal professional privilege and SAR reporting: when the exemption applies

When legal professional privilege exempts solicitors from suspicious activity reporting obligations and when it does not. Covers the POCA 2002 s.330(6) privilege …

Managing export business risk and corruption

UK Bribery Act compliance, due diligence on overseas buyers, political risk assessment, and IP protection abroad.

Set up a property letting business

Five mandatory compliance requirements for lettings agents operating in England. Register before you trade to avoid penalties up to £30,000.

UK sanctions compliance for businesses

How to comply with UK financial sanctions. Includes OFSI enforcement powers, asset freeze requirements, screening obligations, breach reporting, licensing procedures, and major …

10 more guides that reference this instrument

Annual compliance checklist for law firms Gambling and betting compliance checklist Meet your gambling licensing and regulatory duties Real estate compliance checklist Register a money service business or crypto-asset business for AML supervision Run an accountancy, audit or insolvency practice Run an estate agency: rules for selling property Which legal and accounting rules apply to your business Get FCA authorisation for financial services Import licences for controlled goods

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.

Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017

Does it bind you?

Other Acts binding the same actors

What it requires

Introduction

Money Laundering and Terrorist Financing

Customer Due Diligence

Reliance and Record-keeping

Beneficial Ownership Information

Requests for information about accounts and safe-deposit boxes

Money Laundering and Terrorist Financing: Supervision and Registration

Transfer of Funds (Information on the Payer) Regulations

Cryptoasset Transfers

Information, Investigation and Directions

Enforcement

Appeals

Miscellaneous Provisions

Schedules

Help complying

Meet anti-money laundering requirements

Manage your export compliance

Export controlled goods and dual-use items

Start a financial services business

Start a fintech business

Ongoing compliance for law firms

Anti-money laundering (AML) compliance

Anti-money laundering compliance for law firms

Cryptoasset Business Regulation

Legal professional privilege and SAR reporting: when the exemption applies

Managing export business risk and corruption

Set up a property letting business

UK sanctions compliance for businesses