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The Money Laundering Regulations 2007

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Politically exposed persons

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4.—(1) For the purposes of regulation 14(5)—

(a)individuals who are or have been entrusted with prominent public functions include the following—

(i)heads of state, heads of government, ministers and deputy or assistant ministers;

(ii)members of parliaments;

(iii)members of supreme courts, of constitutional courts or of other high-level judicial bodies whose decisions are not generally subject to further appeal, other than in exceptional circumstances;

(iv)members of courts of auditors or of the boards of central banks;

(v)ambassadors, chargés d’affaires and high-ranking officers in the armed forces; and

(vi)members of the administrative, management or supervisory bodies of state-owned enterprises;

(b)the categories set out in paragraphs (i) to (vi) of sub-paragraph (a) do not include middle-ranking or more junior officials;

(c)immediate family members include the following—

(i)a spouse;

(ii)a partner;

(iii)children and their spouses or partners; and

(iv)parents;

(d)persons known to be close associates include the following—

(i)any individual who is known to have joint beneficial ownership of a legal entity or legal arrangement, or any other close business relations, with a person referred to in regulation 14(5)(a); and

(ii)any individual who has sole beneficial ownership of a legal entity or legal arrangement which is known to have been set up for the benefit of a person referred to in regulation 14(5)(a).

(2) In paragraph (1)(c), “partner” means a person who is considered by his national law as equivalent to a spouse.

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