Requirements that may be imposed by a direction
(1) A direction under this Schedule may impose requirements in relation to transactions or business relationships with -
(a) a person carrying on business in the country;
(b) the government of the country;
(c) a person resident or incorporated in the country.
(d) a company that is a subsidiary of a company within paragraph (a) or (c).
(2) The direction may impose requirements in relation to -
(a) a particular person within sub-paragraph (1),
(b) any description of persons within that sub-paragraph, or
(c) all persons within that sub-paragraph.
(3) In this Schedule "designated person" in relation to a direction, means any of the persons in relation to whom the direction is given.
(4) The kinds of requirement that may be imposed by a direction under this Schedule are specified in -
paragraph 10 (customer due diligence);
paragraph 11 (ongoing monitoring);
paragraph 12 (systematic reporting);
paragraph 13 (limiting or ceasing bu
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