Section 33(4A)

Where a relevant person provides a life insurance policy, the relevant person must consider the nature and identity of the beneficiary of the policy when assessing whether there is a high risk of money laundering or terrorist financing, and the extent of the measures which should be taken to manage and mitigate that risk.

← 4 · All articles · 4B →

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