SCHEDULES
F1SCHEDULE 3AZAMaterial Discrepancies
A material discrepancy in this Schedule may arise, as the case may be, in relation to information about a beneficial owner within the meaning of regulation 3 of these Regulations (including about a person of significant control within the meaning of Part 21A of the Companies Act 2006) and in relation to information about a registrable beneficial owner within the meaning of Part 3 of Schedule 1 to the Economic Crime (Transparency and Enforcement) Act 2022.
1
A material discrepancy in this Schedule is one which satisfies the condition in paragraph 2, including one which is in a form listed in paragraph 3.
2
The condition in this paragraph is that the discrepancy, by its nature, and having regard to all the circumstances, may reasonably be considered—
a
to be linked to money laundering or terrorist financing; or
b
to conceal details of the business of the customer.
3
Discrepancies listed in this paragraph are in the form of—
a
a difference in name;
b
an incorrect entry for nature of control;
c
an incorrect entry for date of birth;
d
an incorrect entry for nationality;
e
an incorrect entry for correspondence address;
f
a missing entry for a person of significant control or a registrable beneficial owner;
g
an incorrect entry for the date the individual became a registrable person.
Sch. 3AZA inserted (1.4.2023) by The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022 (S.I. 2022/860), regs. 1(4), 9(j)