Section 14(2)
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 · United Kingdom
A payment does not cease to be a “payment in cash” for the purposes of paragraph (1)(a) if cash is paid by or on behalf of the person making the payment— to a person other than the other party to the transaction for the benefit of the other party, or into a bank account for the benefit of the other party to the transaction.
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Source: legislation.gov.uk · retrieved 2026-09-04