# The Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020, Regulation 14: EU exit amendments

Extent: E+W+S+N.I.

(1) The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 are amended as follows.
(2) In regulation 42—
(a) for paragraph (4) substitute—
“(4) For the purposes of this Part, an “EEA registered trust” is a trust established in a country or territory other than the United Kingdom where national legislation applies having a broadly equivalent effect to the requirements laid down in the fourth money laundering directive.”;
(b) for paragraph (6)(b) substitute—
“(b) “third country entity” means a body corporate, partnership or other entity that—
(i) is governed by the law of a country or territory other than the United Kingdom and (in each case) is a legal person under that law, and
(ii) is not subject to national legislation having a broadly equivalent effect to the requirements laid down in Article 30 of the fourth money laundering directive.”.

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Source: https://www.legislation.gov.uk/uksi/2020/991/regulation/14 (the official version)
Page: https://openlegislation.uk/money-laundering-and-terrorist-financing-amendment-eu-exit-regulations-2020/regulation-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.