- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made).
3.—(1) Subject to paragraph (2), a “relevant person” is a person who is a relevant person for the purposes of the Money Laundering Regulations(1).
(2) A person is not a relevant person where that person—
(a)is a high value dealer within the meaning given in regulation 14(1)(a) of the Money Laundering Regulations;
(b)is a casino within the meaning given in regulation 14(1)(b) of the Money Laundering Regulations;
(c)is an art market participant within the meaning given in regulation 14(1)(d) of the Money Laundering Regulations;
(d)is a cryptoasset exchange provider within the meaning given in regulation 14A(1) of the Money Laundering Regulations;
(e)is a custodian wallet provider within the meaning given in regulation 14A(2) of the Money Laundering Regulations;
(f)has been convicted of an offence—
(i)in Great Britain under section 32 of ECTEA (general false statement offence), and that conviction has not yet become spent within the meaning of the Rehabilitation of Offenders Act 1974(2), or
(ii)in Northern Ireland under section 32 of ECTEA, and that person’s conviction has not yet become spent within the meaning of the Rehabilitation of Offenders (Northern Ireland) Order 1978(3);
(g)has been convicted of an offence—
(i)in Great Britain under regulation 86, 87 or 88 of the Money Laundering Regulations, and that conviction has not yet become spent within the meaning of the Rehabilitation of Offenders Act 1974; or
(ii)in Northern Ireland under regulation 86, 87 or 88 of the Money Laundering Regulations, and that conviction has not yet become spent within the meaning of the Rehabilitation of Offenders (Northern Ireland) Order 1978.
See in particular regulations 3 and 8 of those Regulations.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: