Section 37(8)

A relevant person must not continue to apply simplified customer due diligence measures under paragraph (1)— if it doubts the veracity or accuracy of any documents or information previously obtained for the purposes of identification or verification; if its risk assessment changes and it no longer considers that there is a low degree of risk of money laundering and terrorist financing; if it suspects money laundering or terrorist financing; or if any of the conditions set out in regulation 33(1) apply.

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