The Immigration Act 2014 (Current Accounts) (Compliance &c) Regulations 2016

• Citation: S.I. 2016/1073
• Sections: 4

Section 1 Citation, commencement and interpretation

(1) These Regulations may be cited as the Immigration Act 2014 (Current Accounts) (Compliance &c) Regulations 2016 and come into force on 30th October 2017.

(2) In these Regulations—

“ the Act ” means the Immigration Act 2014;

“freezing order” has the same meaning as in section 40D of the Act;

“immigration check” means an immigration check as defined in section 40A(2) of the Act;

“quarter” means–

1st April to 30th June,

1st July to 30th September,

1st October to 31st December, or

1st January to 31st March.

Section 2 Immigration checks in relation to current accounts: frequency

A bank or building society must carry out an immigration check during each successive quarter of each year, beginning with the quarter commencing on 1st January 2018.

Section 3 Notification by Secretary of State to a bank or building society

(1) The following information is prescribed for the purposes of section 40C(4) of the Act—

(a) the name, address and date of birth of each person in respect of whom the bank or building society which receives the notification is subject to the duty in section 40G(2) of the Act; and

(b) in relation to each of those persons, a description of each of the accounts held with the bank or building society and operated by or for that person that is required to be closed in accordance with that duty.

(2) The Secretary of State must notify a bank or building society as mentioned in section 40C(3) of the Act by means of a website published and maintained by the Secretary of State for that purpose.

Section 4 Notification by bank or building society of compliance with section 40G

Information provided by a bank or building society to the Secretary of State pursuant to section 40G(8) of the Act (about the steps that it has taken to comply with that section) must–

(a) be provided before the end of the quarter in which the steps were taken (save that information about steps taken in the last two weeks of a quarter may be provided to the Secretary of State in the next quarter);

(b) be provided by means of a website published and maintained by the Secretary of State for that purpose; and

(c) include–

(i) the name of the bank or building society providing the information; and

(ii) the date upon which the information is provided.