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The Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020

The Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020 reg 3

reg 3 Customer due diligence measures

In regulation 28 (customer due diligence measures) — (a) in paragraph (5), after “Paragraphs (3)(b)” insert “, (3A)”; (b) in paragraph (19)(b), for the words “an appropriate level of assurance” to the end, substitute “assurance that the person claiming a particular identity is in fact the person with that identity, to a degree that is necessary for effectively managing and mitigating any risks of money laundering and terrorist financing”.

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