Section 77(3)

The result required by this subsection is that, where a customer is a domestic PEP, or a family member or a known close associate of a domestic PEP— the starting point for the relevant person’s assessment under regulation 35(3) of the 2017 Regulations is that the customer presents a lower level of risk than a non-domestic PEP, and if no enhanced risk factors are present, the extent of enhanced customer due diligence measures to be applied in relation to that customer is less than the extent to be applied in the case of a non-domestic PEP.

← 2 · All articles · 4 →

Source: legislation.gov.uk · retrieved 2026-09-04