Section 39(6)

A relevant person is to be treated by a supervisory authority as having complied with the requirements of paragraph (2) if— the relevant person is relying on information provided by a third party which is a member of the same group as the relevant person; that group applies customer due diligence measures, rules on record keeping and programmes against money laundering and terrorist financing in accordance with these Regulations, the fourth money laundering directive or rules having equivalent effect; and the effective implementation of the requirements referred to in sub-paragraph (b) is supervised at group level by— an authority of an EEA state ... with responsibility for the functions provided for in the fourth money laundering directive; or an equivalent authority of a third country.

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