Ofcom1 may designate any body corporate to be, to the extent provided by the designation2, the appropriate regulatory authority3 for the purposes of any provision of Part 4B4 of the Communications Act 20035. To the extent that no body is designated for a purpose, Ofcom is the appropriate regulatory authority for that purpose6.
Where a body is designated for a purpose, Ofcom may act as the appropriate regulatory authority for that purpose concurrently with or in place of that body7. Ofcom may provide a designated body with assistance in connection with any of the functions of the body in relation to video-
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You may apply simplified customer due diligence (SDD) measures in relation to particular business relationships or transactions which you determine present a low risk of money laundering or terrorist financing, having taken into account:•your organisation-wide risk assessment—see Practice Note:
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