Section 14(5)

None of the individuals responsible for the management or operation of the business has been convicted of— an offence under Part 7 of the Proceeds of Crime Act 2002 (money laundering) or under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017; an offence under section 15 (fund-raising), 16 (use and possession), 17 (funding arrangements), 18 (money laundering) or 63 (terrorist finance: jurisdiction) of the Terrorism Act 2000 ; an offence under the 2000 Act; an offence under any of regulations 11 to 16 of the Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019; an offence under regulation 3, 4 or 6 of the Al-Qaida and Taliban (Asset-Freezing) Regulations 2010 , or regulation 10 of the ISIL (Da'esh) and Al-Qaida (Asset-Freezing) Regulations 2011 (contravention and circumvention of prohibitions) ; an offence under regulations 8 to 13, 25 or 26 of the ISIL (Da'esh) and Al-Qaida (United Nations Sanctions) (EU Exit) Regulations 2019 or regulations 11 to 16 of the Counter-Terrorism (International Sanctions) (EU Exit) Regulations 2019; an offence under section 11, 12, 13, 14, 15 or 18 of the Terrorist Asset-Freezing etc Act 2010 (offences relating to the freezing of funds etc. of designated persons) ; an offence under these Regulations or the Electronic Money Regulations 2011 ; or any other financial crimes.

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