# The Money Laundering Regulations 1993, Regulation 7: Identification procedures; business relationships and transactions


(1) Subject to regulations 8 and 10 below, identification procedures maintained by a person are in accordance with this regulation if in Cases 1 to 4 set out below they require, as soon as is reasonably practicable after contact is first made between that person and an applicant for business concerning any particular business relationship or one-off transaction—
(a) the production by the applicant for business of satisfactory evidence of his identity; or
(b) the taking of such measures specified in the procedures as will produce satisfactory evidence of his identity;
and the procedures are, subject to paragraph (6) below, in accordance with this regulation if they require that where that evidence is not obtained the business relationship or one-off transaction in question shall not proceed any further.
(2) Case 1 is any case where the parties form or resolve to form a business relationship between them.
(3) Case 2 is any case where, in respect of any one-off transaction, any person handling the transaction knows or suspects that the applicant for business is engaged in money laundering, or that the transaction is carried out on behalf of another person engaged in money laundering.
(4) Case 3 is any case where, in respect of any one-off transaction, payment is to be made by or to the applicant for business of the amount of ecu 15,000 or more.
(5) Case 4 is any case where, in respect of two or more one-off transactions—
(a) it appears at the outset to a person handling any of the transactions—
(i) that the transactions are linked, and
(ii) that the total amount, in respect of all of the transactions, which is payable by or to the applicant for business is ecu 15,000 or more; or
(b) at any later stage, it comes to the attention of such a person that paragraphs (i) and (ii) of sub-paragraph (a) above are satisfied.
(6) The procedures referred to in paragraph (1) above are in accordance with this regulation if, when a report is made in circumstances falling within Case 2 (whether in accordance with regulation 14 or directly to a constable), they provided for steps to be taken in relation to the one-off transaction in question in accordance with any directions that may be given by a constable.
(7) In these Regulations references to satisfactory evidence of a person’s identity shall be construed in accordance with regulation 11(1) below.

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Source: https://www.legislation.gov.uk/uksi/1993/1933/crossheading/identification-procedures/regulation/7 (the official version)
Page: https://openlegislation.uk/money-laundering-regulations-1993/crossheading-identification-procedures/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.