Section 30(3)

Provided that the verification is completed as soon as practicable after contact is first established, the verification of the customer, any person purporting to act on behalf of the customer and the customer's beneficial owner, may be completed during the establishment of a business relationship if— this is necessary not to interrupt the normal conduct of business; and there is little risk of money laundering and terrorist financing.

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