(1) The Treasury and the Home Office must make arrangements before 26th June 2018 for a risk assessment to be undertaken to identify, assess, understand and mitigate the risks of money laundering and terrorist financing affecting the United Kingdom ("the risk assessment").
(2) The risk assessment must, among other things -
(a) identify any areas where relevant persons should apply enhanced customer due diligence measures, and where appropriate, specify the measures to be taken;
(b) identify, where appropriate, the sectors or areas of lower and greater risk of money laundering and terrorist financing;
(c) consider whether any rules on money laundering and terrorist financing made by a supervisory authority applying in relation to the sector it supervises are appropriate in the light of the risks of money laundering and terrorist financing applying to that sector;
(d) provide the information and analysis necessary to enable it to be used for the purposes set out in paragraph (3).
(3) The
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