Section 59A(2)

The prohibition in regulation 17A(2) is not contravened by a transfer (or, if necessary, more than one transfer) of funds by C from account A to account B where— neither account A nor account B are held in the name of a customer of C; and both account A and account B are held within the United Kingdom; and the transfer (or transfers) from account A to account B is (or are) carried out for the purpose of compliance with regulation 17A(2).

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Source: legislation.gov.uk · retrieved 2026-08-30