Section 4(1)
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 · United Kingdom
For the purpose of these Regulations, “business relationship” means a business, professional or commercial relationship between a relevant person and a customer, which— arises out of the business of the relevant person, and is expected by the relevant person, at the time when contact is established, to have an element of duration.
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Source: legislation.gov.uk · retrieved 2026-09-04