PART 2 U.K. CUSTOMER DUE DILIGENCE

Directions where Financial Action Task Force applies counter-measures U.K.

18.  The Treasury may direct any relevant person—

(a) not to enter into a business relationship;

(b) not to carry out an occasional transaction; or

(c) not to proceed any further with a business relationship or occasional transaction,

with a person who is situated or incorporated in a non-EEA state to which the Financial Action Task Force has decided to apply counter-measures.