Version status: In force | Document consolidation status: Updated to reflect all known changes
Published date: 22 June 2017
    Version 1 of 1    

Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 [SI 2017 No. 692] (MLRs 2017)

Introductory Text
Part 1 Introduction (regs. 1-7)
In force
Regulation 1 Citation and commencement
In force
Regulation 2 Prescribed regulations
In force
Regulation 3 General interpretation
In force
Regulation 4 Meaning of business relationship
In force
Regulation 5 Meaning of beneficial owner: bodies corporate or partnership
In force
Regulation 6 Meaning of beneficial owner: trusts, similar arrangements and others
In force
Regulation 7 Supervisory authorities
Part 2 Money Laundering and Terrorist Financing (regs. 8-26)
Chapter 1 Application (regs. 8-15)
In force
Regulation 8 Application
In force
Regulation 9 Carrying on business in the United Kingdom
In force
Regulation 10 Credit institutions and financial institutions
In force
Regulation 11 Auditors and others
In force
Regulation 12 Independent legal professionals and trust or company service providers
In force
Regulation 13 Estate agents
In force
Regulation 14 High value dealers, casinos and auction platforms
In force
Regulation 15 Exclusions
Chapter 2 Risk assessment and controls (regs. 16-25)
In force
Regulation 16 Risk assessment by the Treasury and Home Office
In force
Regulation 17 Risk assessment by supervisory authorities
In force
Regulation 18 Risk assessment by relevant persons
In force
Regulation 19 Policies, controls and procedures
In force
Regulation 20 Policies, controls and procedures: group level
In force
Regulation 21 Internal controls
In force
Regulation 22 Central contact points: electronic money issuers and payment service providers
In force
Regulation 23 Requirement on authorised person to inform the FCA
In force
Regulation 24 Training
In force
Regulation 25 Supervisory action
Chapter 3 Ownership and Management Restrictions (reg. 26)
In force
Regulation 26 Prohibitions and approvals
Part 3 Customer Due Diligence (regs. 27-38)
Chapter 1 Customer due diligence: general (regs. 27-32)
In force
Regulation 27 Customer due diligence
In force
Regulation 28 Customer due diligence measures
In force
Regulation 29 Additional customer due diligence measures: credit institutions and financial institutions
In force
Regulation 30 Timing of verification
In force
Regulation 31 Requirement to cease transactions etc
In force
Regulation 32 Exception for trustees of debt issues
Chapter 2 Enhanced customer due diligence (regs. 33-36)
In force
Regulation 33 Obligation to apply enhanced customer due diligence
In force
Regulation 34 Enhanced customer due diligence: credit institutions, financial institutions and correspondent relationships
In force
Regulation 35 Enhanced customer due diligence: politically exposed persons
In force
Regulation 36 Politically exposed persons: other duties
Chapter 3 Simplified customer due diligence (regs. 37-38)
In force
Regulation 37 Application of simplified customer due diligence
In force
Regulation 38 Electronic money
Part 4 Reliance and Record-keeping (regs. 39-41)
In force
Regulation 39 Reliance
In force
Regulation 40 Record-keeping
In force
Regulation 41 Data Protection
Part 5 Beneficial Ownership Information (regs. 42-45)
In force
Regulation 42 Application of this Part
In force
Regulation 43 Corporate bodies: obligations
In force
Regulation 44 Trustee obligations
In force
Regulation 45 Register of beneficial ownership
Part 6 Money Laundering and Terrorist Financing: Supervision and Registration (regs. 46-60)
Chapter 1 Duties of supervisory authorities (regs. 46-52)
In force
Regulation 46 Duties of supervisory authorities
In force
Regulation 47 Duties of supervisory authorities: information
In force
Regulation 48 Duties of the FCA: guidance on politically exposed persons
In force
Regulation 49 Duties of self-regulatory organisations
In force
Regulation 50 Duty to co-operate
In force
Regulation 51 Regulatory information
In force
Regulation 52 Disclosure by supervisory authorities
Chapter 2 Registration (regs. 53-60)
In force
Regulation 53 Interpretation
In force
Regulation 54 Duty to maintain registers of certain relevant persons
In force
Regulation 55 Power to maintain registers
In force
Regulation 56 Requirement to be registered
In force
Regulation 57 Applications for registration in a register maintained under regulation 54 or 55
In force
Regulation 58 Fit and proper test
In force
Regulation 59 Determination of applications for registration under regulations 54 and 55
In force
Regulation 60 Cancellation and suspension of registration in a register under regulation 54 or 55
Part 7 Transfer of Funds (Information on the Payer) Regulations (regs. 61-64)
In force
Regulation 61 Interpretation
In force
Regulation 62 Transfer of funds supervisory authorities
In force
Regulation 63 Duties of transfer of funds supervisory authorities
In force
Regulation 64 Obligations of payment service providers
Part 8 Information and Investigation (regs. 65-74)
In force
Regulation 65 Interpretation
In force
Regulation 66 Power to require information
In force
Regulation 67 Requests in support of other authorities
In force
Regulation 68 Requests to other authorities
In force
Regulation 69 Entry, inspection of premises without a warrant etc
In force
Regulation 70 Entry of premises under warrant
In force
Regulation 71 Retention of documents taken under regulation 66 or 70
In force
Regulation 72 Provision of information and warrants: safeguards
In force
Regulation 73 Admissibility of statements
In force
Regulation 74 Powers of relevant officers
Part 9 Enforcement (regs. 75-92)
Chapter 1 General (reg. 75)
In force
Regulation 75 Meaning of "relevant requirement"
Chapter 2 Civil penalties and notices (regs. 76-85)
In force
Regulation 76 Power to impose civil penalties: fines and statements
In force
Regulation 77 Power to impose civil penalties: suspension and removal of authorisation
In force
Regulation 78 Power to impose civil penalties: prohibitions on management
In force
Regulation 79 Imposition of civil penalties
In force
Regulation 80 Injunctions
In force
Regulation 81 The FCA: disciplinary measures (procedure)
In force
Regulation 82 The FCA: procedure (general)
In force
Regulation 83 The Commissioners: disciplinary measures (procedure)
In force
Regulation 84 Publication: the FCA
In force
Regulation 85 Publication: the Commissioners
Chapter 3 Criminal offences, penalties and proceedings etc. (regs. 86-92)
In force
Regulation 86 Criminal offence
In force
Regulation 87 Offences of prejudicing investigations
In force
Regulation 88 Information offences
In force
Regulation 89 Proceedings: general
In force
Regulation 90 Proceedings: jurisdiction
In force
Regulation 91 Proceedings: partnership or unincorporated association
In force
Regulation 92 Offence by bodies corporate, partnership or unincorporated association
Part 10 Appeals (regs. 93-100)
Chapter 1 Decisions of the FCA (reg. 93)
In force
Regulation 93 Appeals against decisions of the FCA
Chapter 2 Decisions of the Commissioners (regs. 94-100)
In force
Regulation 94 Offer of review
In force
Regulation 95 Review by the Commissioners
In force
Regulation 96 Extensions of time
In force
Regulation 97 Review out of time
In force
Regulation 98 Nature of review etc
In force
Regulation 99 Appeals against decisions of the Commissioners
In force
Regulation 100 Appeals against decisions of the Commissioners: procedure
Part 11 Miscellaneous Provisions (regs. 101-110)
In force
Regulation 101 Recovery of charges and penalties through the court
In force
Regulation 102 Costs of supervision
In force
Regulation 103 Obligations on public authorities
In force
Regulation 104 Suspicious activity disclosures
In force
Regulation 105 Disclosure by the Commissioners
In force
Regulation 106 General restrictions
In force
Regulation 107 Transfers between the United Kingdom and the Channel Islands and the Isle of Man
In force
Regulation 108 Review
In force
Regulation 109 Consequential amendments
In force
Regulation 110 Revocation and saving provisions
In force
Schedule 1 Professional Bodies
In force
Schedule 2 Activities listed in points 2 to 12, 14 and 15 of Annex I to the Capital Requirements Directive
In force
Schedule 3 Relevant Offences
In force
Schedule 4 Supervisory Information
In force
Schedule 5 Connected Persons
In force
Schedule 6 Meaning of "relevant requirement"
Schedule 7 Consequential Amendments
In force
Schedule 7, Part 1 Consequential Amendments to Primary Legislation
In force
Schedule 7, Part 2 Consequential Amendments to Secondary Legislation
Signature
Explanatory Note
Explanatory Memorandum