Section 189(3)

This subsection applies— where the business carried on is business in the regulated sector as— a deposit-taking body, an electronic money institution, a payment institution, a cryptoasset exchange provider, or a custodian wallet provider, where— the business carried on is business in the regulated sector within paragraph 1(1)(j) to (n) of Schedule 9 to the Proceeds of Crime Act 2002 (audit, insolvency, accountancy, tax or legal services), and the UK revenue of the person carrying on the business is in any of bands B to D for the relevant financial year (see subsection (11)), and in circumstances prescribed, in relation to the business or the person carrying it on, by regulations made by the Secretary of State for the purposes of this paragraph.

← 2 · All articles · 4 →

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