# The Money Laundering and Transfer of Funds (Information) (Amendment) (EU Exit) Regulations 2018, Regulation 5: Part 2: Money laundering and terrorist financing - risk assessment and controls


(1) In regulation 16—
(a) paragraph (5) is omitted;
(b) in paragraph (7), omit sub-paragraphs (c), (d) and (e).
(2) In regulation 17, in paragraph (2), omit sub-paragraphs (a) and (b).
(3) In regulation 20—
(a) omit paragraph (2);
(b) after paragraph (5), insert—
“(6) The FCA may make technical standards specifying—
(a) what additional measures are required from credit institutions and financial institutions under paragraph (4); and
(b) the minimum action to be taken by credit institutions and financial institutions where paragraph (4) applies.”.
(4) Omit regulation 22.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111175477/regulation/5 (the official version)
Page: https://openlegislation.uk/draft-money-laundering-and-transfer-of-funds-information-amendment-eu-exit-regulations-2018/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.