Section 19A(4)

The policies, controls and procedures referred to in paragraph (1) must include policies, controls and procedures— which provide for the identification and scrutiny of— any case where— a transaction is unusually complex or unusually large in each case given the nature of the transaction, or there is an unusual pattern of transactions; or the transaction or transactions have no apparent economic or legal purpose, and any other activity or situation which the relevant person regards as particularly likely by its nature to be related to proliferation financing; which specify the taking of additional measures, where appropriate, to prevent the use for proliferation financing of products and transactions which might favour anonymity; which ensure that when new products, new business practices (including new delivery mechanisms) or new technology are adopted by the relevant person, appropriate measures are taken in preparation for, and during, the adoption of such products, practices or technology to assess and if necessary mitigate any proliferation financing risks this new product, practice or technology may cause; which, in the case of a money service business that uses agents for the purpose of its business, ensure that appropriate measures are taken by the business to assess— whether an agent used by the business would satisfy the fit and proper test provided for in regulation 58; and the extent of the risk that the agent may be used for proliferation financing.

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