Section 33(4B)

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 · United Kingdom

Where the beneficiary of a life insurance policy provided by a relevant person— the relevant person must take reasonable measures to identify and verify the identity of the beneficial owner of that beneficiary before any payment is made under the policy. is a legal person or a legal arrangement, and presents a high risk of money laundering or terrorist financing,

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