1.Citation, commencement etc.
3.Application of the Regulations
5.Meaning of customer due diligence measures
6.Meaning of beneficial owner
7.Application of customer due diligence measures
9.Timing of verification
11.Requirement to cease transactions etc.
12.Exception for trustees of debt issues
13.Simplified due diligence
14.Enhanced customer due diligence and ongoing monitoring
15.Branches and subsidiaries
16.Shell banks, anonymous accounts etc.
18.Directions where Financial Action Task Force applies counter-measures
20.Policies and procedures
24.Duties of supervisory authorities
Registration of high value dealers, money service businesses and trust or company service providers
25.Duty to maintain registers
26.Requirement to be registered
27.Applications for registration in a register maintained under regulation 25
28.Fit and proper test
29.Determination of applications under regulation 27
30.Cancellation of registration in a register maintained under regulation 25
Requirement to inform the Authority
31.Requirement on authorised person to inform the Authority
Registration of Annex I financial institutions, estate agents etc.
32.Power to maintain registers
33.Requirement to be registered
34.Applications for and cancellation of registration in a register maintained under regulation 32
35.Costs of supervision
Powers of designated authorities
37.Power to require information from, and attendance of, relevant and connected persons
38.Entry, inspection without a warrant etc.
39.Entry to premises under warrant
40.Failure to comply with information requirement
41.Powers of relevant officers
Civil penalties, review and appeals
42.Power to impose civil penalties
46.Prosecution of offences
47.Offences by bodies corporate etc.
48.Recovery of charges and penalties through the court
49.Obligations on public authorities
50.Transitional provisions: requirement to be registered
51.Minor and consequential amendments
ACTIVITIES LISTED IN POINTS 2 TO 12 AND 14 OF ANNEX I TO THE BANKING CONSOLIDATION DIRECTIVE
2.Lending including, inter alia: consumer credit, mortgage credit, factoring, with...
4.Money transmission services.
5.Issuing and administering means of payment (e.g. credit cards, travellers’...
6.Guarantees and commitments.
7.Trading for own account or for account of customers in:...
8.Participation in securities issues and the provision of services related...
9.Advice to undertakings on capital structure, industrial strategy and related...
11.Portfolio management and advice.
12.Safekeeping and administration of securities.
14.Safe custody services
FINANCIAL ACTIVITY, SIMPLIFIED DUE DILIGENCE AND POLITICALLY EXPOSED PERSONS
1.Financial activity on an occasional or very limited basis
2.Simplified due diligence
3.For the purposes of regulation 13(8), the conditions are—
4.Politically exposed persons
1.Association of Chartered Certified Accountants
2.Council for Licensed Conveyancers
3.Faculty of Advocates
4.General Council of the Bar
5.General Council of the Bar of Northern Ireland
6.Institute of Chartered Accountants in England and Wales
7.Institute of Chartered Accountants in Ireland
8.Institute of Chartered Accountants of Scotland
10.Law Society of Scotland
11.Law Society of Northern Ireland
12.Association of Accounting Technicians
13.Association of International Accountants
14.Association of Taxation Technicians
15.Chartered Institute of Management Accountants
16.Chartered Institute of Public Finance and Accountancy
17.Chartered Institute of Taxation
18.Faculty Office of the Archbishop of Canterbury
19.Insolvency Practitioners Association
20.Institute of Certified Bookkeepers
21.Institute of Financial Accountants
1.If the relevant person is a body corporate (“BC”), a...
2.If the relevant person is a partnership, a person who...
3.If the relevant person is an unincorporated association of persons...
4.If the relevant person is an individual, a person who...
MODIFICATIONS IN RELATION TO APPEALS
PART 1 Primary legislation
1.The Value Added Tax Act 1994 (c. 23)
2.The Financial Services and Markets Act 2000 (c. 8)
PART 2 Secondary legislation
3.The Financial Services and Markets Tribunal Rules 2001
MINOR AND CONSEQUENTIAL AMENDMENTS
2.The Northern Ireland Act 1998 (c. 47)
3.The Criminal Justice and Police Act 2001 (c. 16)
4.The Independent Qualified Conveyancers (Scotland) Regulations 1997
5.The Executry Practitioners (Scotland) Regulations 1997
6.The Cross-Border Credit Transfers Regulations 1999
7.The Terrorism Act 2000 (Crown Servants and Regulators) Regulations 2001
8.The Representation of the People (England and Wales) Regulations 2001
9.The Representation of the People (Scotland) Regulations 2001
10.The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001
11.The Proceeds of Crime Act 2002 (Failure to Disclose Money Laundering: Specified Training) Order 2003
12.The Public Contracts (Scotland) Regulations 2006
13.The Utilities Contracts (Scotland) Regulations 2006
14.The Public Contracts Regulations 2006
15.The Utilities Contracts Regulations 2006