Commentary

A7.118 Money Laundering Regulations—excluded persons

Administration and compliance

A7.118 Money Laundering Regulations—excluded persons

A7.118 Money Laundering Regulations—excluded      persons

The following persons are (broadly) excluded from      the 2017 Regulations:

  1.  

    •     a registered society as defined in the Co-operative and Community      Benefit Societies Act 2014

  2.  

    •     an Industrial and Provident Society when it issues withdrawable      share capital or accepts deposits from the public

  3.  

    •     a person carrying on exempt activities under Financial Services      and Markets Act 2000

  4.  

    •     a person who was an exempt person under FSA 1986, s 45      immediately before its repeal when carrying out functions specified in      that section

  5.  

    •     a local authority (within the

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial