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Changes over time for: Cross Heading: Customer due diligence
Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 12/04/2019.
Changes to legislation:
There are currently no known outstanding effects for the Counter-Terrorism Act 2008, Cross Heading: Customer due diligence.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Customer due diligenceU.K.
10(1)A direction may require a relevant person to undertake enhanced customer due diligence measures—U.K.
(a)before entering into a transaction or business relationship with a designated person, and
(b)during a business relationship with such a person.
(2)The direction may do either or both of the following—
(a)impose a general obligation to undertake enhanced customer due diligence measures;
(b)require a relevant person to undertake specific measures identified or described in the direction.
(3)“Customer due diligence measures” means measures to—
(a)establish the identity of the designated person,
(b)obtain information about—
(i)the designated person and their business, and
(ii)the source of their funds, and
(c)assess the risk of the designated person being involved in relevant activities.
(4)In sub-paragraph (3)(c) “relevant activities” means—
(a)terrorist financing;
(b)money laundering; or
(c)the development or production of nuclear, radiological, biological or chemical weapons or the facilitation of that development or production.
(5)A direction may not impose requirements of a kind mentioned in this paragraph on a person who is regarded as operating in the financial sector by virtue only of paragraph 5(2)(g) (certain insurance companies).
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