Section 35(2)

In determining what risk-management systems and procedures are appropriate under paragraph (1), the relevant person must take account of— the risk assessment it carried out under regulation 18(1); the level of risk of money laundering and terrorist financing inherent in its business; the extent to which that risk would be increased by its business relationship or transactions with a PEP, or a family member or known close associate of a PEP, and any relevant information made available to the relevant person under regulations 17(9) and 47.

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