Section 41(6)

Before establishing a business relationship or entering into an occasional transaction with a new customer, as well as providing the customer with the information required under Article 13 of the UK GDPR (information to be provided where personal data are collected from the data subject), relevant persons must provide the customer with a statement that any personal data received from the customer will be processed only— for the purposes of preventing money laundering, terrorist financing or proliferation financing, or as permitted under paragraph (3).

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