Schedule 2, paragraph 24

In this Schedule— “enforcement partners” means bodies with which supervisory authorities enter into arrangements for the purposes of the enforcement of regulations under section 49; “money laundering” has the meaning given by section 49; “Money Laundering Regulations 2017” means the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (S.I. 2017/692); “oversight body” means a body on which functions are conferred under paragraph 8(1); “relevant business” means business of a kind which entails risks relating to money laundering, terrorist financing or other threats to the integrity of the financial system; “relevant person” means a person on whom requirements are imposed under paragraph 3; “requirements” includes prohibitions; “supervisory authority” means the Financial Conduct Authority, the Commissioners for Her Majesty's Revenue and Customs or any other body on which functions are conferred under paragraph 7(1); “terrorist financing” has the meaning given by section 49.

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Source: legislation.gov.uk · retrieved 2026-08-30