Section 187(2)

In Schedule 2 (money laundering and terrorist financing etc)— in paragraph 4— the existing text becomes sub-paragraph (1); after sub-paragraph (1) insert— Provide for the imposition of requirements relating to enhanced customer due diligence measures by reference to prescribed high-risk countries. Provision made by virtue of sub-paragraph (2) may in particular refer to a list of countries published by the Financial Action Task Force as it has effect from time to time. in paragraph 23, after sub-paragraph (2) insert— In paragraph 4 (measures in relation to customers of relevant persons), the reference in sub-paragraph (2) to requirements includes requirements imposed by or under the Money Laundering Regulations 2017.

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