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Proceeds of Crime Act 2002

Section 364: Meaning of customer information

522.This section sets out the definition of “customer information” for individuals and for companies and partnerships. Subsections (2)(f) and (3)(i) require financial institutions to produce evidence of identity obtained in compliance with the relevant existing legislation, currently the Money Laundering Regulations 1993 [SI 1993 No.1933]. By virtue of section 459(6), any order made by the Secretary of State under subsection (4) to extend the meaning of “customer information” will have to be laid before, and approved by a resolution of, both Houses of Parliament.

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