Regulation 28 Money laundering

(1)

Every independent qualified conveyancer shall in respect of all other business carried on by the independent qualified conveyancer comply with the provisions of the Money Laundering Regulations 1993^f1 as if such other business constituted relevant financial business within the meaning of those Regulations, but as if–

(a)

for the figure “1” where it appears in the second line of regulation 7(1) of those Regulations, there were substituted the figure “2”; and

(b)

regulation 12(4)(a) of those Regulations was deleted.

(2)

For the avoidance of doubt, paragraph (1) is without prejudice to the application of the Money Laundering Regulations 1993 to relevant financial business.

Annotations

Footnotes

f1: S.I. 1993/1933.