Section 37(2)

Where a relevant person applies simplified customer due diligence measures, it must— continue to comply with the requirements in regulations 28 , 29 and 30A, but it may adjust the extent, timing or type of the measures it undertakes under regulations 28 and 29(11) to (13) to reflect its determination under paragraph (1); and carry out sufficient monitoring of any business relationships or transactions which are subject to those measures to enable it to detect any unusual or suspicious transactions.

← 1 · All articles · 3 →

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