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Money Laundering Regulations 2007 [SI 2007 No. 2157]Introductory TextPart 1 General (regs. 1-4)Regulation 1 Citation, commencement etc.Regulation 2 InterpretationRegulation 3 Application of the RegulationsRegulation 4 ExclusionsPart 2 Customer Due Diligence (regs. 5-18)Regulation 5 Meaning of customer due diligence measuresRegulation 6 Meaning of beneficial ownerRegulation 7 Application of customer due diligence measuresRegulation 8 Ongoing monitoringRegulation 9 Timing of verificationRegulation 10 CasinosRegulation 11 Requirement to cease transactions etc.Regulation 12 Exception for trustees of debt issuesRegulation 13 Simplified due diligenceRegulation 14 Enhanced customer due diligence and ongoing monitoringRegulation 15 Branches and subsidiariesRegulation 16 Shell banks, anonymous accounts etc.Regulation 17 RelianceRegulation 18 Directions where Financial Action Task Force applies counter-measuresPart 3 Record-Keeping, Procedures and Training (regs. 19-21)Regulation 19 Record-keepingRegulation 20 Policies and proceduresRegulation 21 TrainingPart 4 Supervision and Registration (regs. 22-35)Interpretation (reg. 22)Regulation 22 InterpretationSupervision (regs. 23-24A)Regulation 23 Supervisory authoritiesRegulation 24 Duties of supervisory authoritiesRegulation 24A Disclosure by supervisory authoritiesRegistration of high value dealers, money service businesses and trust or company service providers (regs. 25-30)Regulation 25 Duty to maintain registersRegulation 26 Requirement to be registeredRegulation 27 Applications for registration in a register maintained under regulation 25Regulation 28 Fit and proper testRegulation 29 Determination of applications under regulation 27Regulation 30 Cancellation of registration in a register maintained under regulation 25Requirement to inform the Authority (reg. 31)Regulation 31 Requirement on authorised person to inform the AuthorityRegistration of Annex I financial institutions, estate agents etc. (regs. 32-34)Regulation 32 Power to maintain registersRegulation 33 Requirement to be registeredRegulation 34 Applications for and cancellation of registration in a register maintained under regulation 32Financial provisions (reg. 35)Regulation 35 Costs of supervisionPart 5 Enforcement (regs. 36-47)Powers of designated authorities (regs. 36-41)Regulation 36 InterpretationRegulation 37 Power to require information from, and attendance of, relevant and connected personsRegulation 38 Entry, inspection without a warrant etc.Regulation 39 Entry to premises under warrantRegulation 40 Failure to comply with information requirementRegulation 41 Powers of relevant officersCivil penalties, review and appeals (regs. 42-44)Regulation 42 Power to impose civil penaltiesRegulation 43 Appeals against decisions of the CommissionersRegulation 43A Offer of reviewRegulation 43B Review by the CommissionersRegulation 43C Extensions of timeRegulation 43D Review out of timeRegulation 43E Nature of review etcRegulation 43F Bringing of appeals against decisions of the CommissionersRegulation 44 AppealsCriminal offences (regs. 45-47)Regulation 45 OffencesRegulation 46 Prosecution of offencesRegulation 47 Offences by bodies corporate etc.Part 6 Miscellaneous (regs. 48-51)Regulation 48 Recovery of charges and penalties through the courtRegulation 49 Obligations on public authoritiesRegulation 49A Disclosure by the CommissionersRegulation 50 Transitional provisions: requirement to be registeredRegulation 51 Minor and consequential amendmentsSchedule 1 Activities Listed in Points 2 to 12, 14 and 15 of Annex I to the Banking Consolidation DirectiveSchedule 2 Financial Activity, Simplified Due Diligence and Politically Exposed PersonsSchedule 3 Professional BodiesSchedule 3, Part 1 [Substituted with new Sch. 3]Schedule 3, Part 2 [Substituted with new Sch. 3]Schedule 4 Connected PersonsSchedule 5 Modifications In Relation To AppealsSchedule 5, Part 2 Secondary legislation (para. 3)Schedule 5, Part 1 Primary legislation (paras. 1-2)Schedule 6 Minor And Consequential AmendmentsSchedule 6, Part 1 Primary legislation (paras. 1-3)Schedule 6, Part 2 Secondary legislation (paras. 4-15)SignatureExplanatory NoteExplanatory Memorandum
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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 26 June 2017 - onwards
Version 5 of 5

Schedule 1 Activities Listed in Points 2 to 12, 14 and 15 of Annex I to the Banking Consolidation Directive

Revoked from 26 June 2017

[deleted]

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