Customer due diligence measures
This section has no associated Explanatory Memorandum
3. In regulation 28 (customer due diligence measures)(1)—
(a)in paragraph (5), after “Paragraphs (3)(b)” insert “, (3A)”;
(b)in paragraph (19)(b), for the words “an appropriate level of assurance” to the end, substitute “assurance that the person claiming a particular identity is in fact the person with that identity, to a degree that is necessary for effectively managing and mitigating any risks of money laundering and terrorist financing”.
(1)
Paragraphs (3A) and (19) were inserted by S.I. 2019/1511.