Section 27(1)

A relevant person must apply customer due diligence measures if the person— establishes a business relationship; carries out an occasional transaction that amounts to a transfer of funds within the meaning of Article 3.9 of the funds transfer regulation exceeding £800; suspects money laundering or terrorist financing; or doubts the veracity or adequacy of documents or information previously obtained for the purposes of identification or verification.

← 27 · All articles · 2 →

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