SI 2023/ 1371 The Money Laundering and Terrorist Financing (Amendment) Regulations 2023

Published on: 15 December 2023

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Specialist Tax Statutory Instruments

Article summary

These regulations clarify in law that domestic politically exposed persons (PEPs should be subject to a lesser extent of enhanced customer due diligence by firms regulated under the money laundering regulations (MLRs) in the absence of other risk factors.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

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