# The Money Laundering Regulations 2003, Regulation 27: Offences by bodies corporate etc.


(1) If an offence under regulation 3 committed by a body corporate is shown—
(a) to have been committed with the consent or the connivance of an officer; or
(b) to be attributable to any neglect on his part;
the officer as well as the body corporate is guilty of an offence and liable to be proceeded against and punished accordingly.
(2) If an offence under regulation 3 committed by a partnership is shown—
(a) to have been committed with the consent or the connivance of a partner; or
(b) to be attributable to any neglect on his part;
the partner as well as the partnership is guilty of an offence and liable to be proceeded against and punished accordingly.
(3) If an offence under regulation 3 committed by an unincorporated association (other than a partnership) is shown—
(a) to have been committed with the consent or the connivance of an officer of the association or a member of its governing body; or
(b) to be attributable to any neglect on the part of such an officer or member;
that officer or member as well as the association is guilty of an offence and liable to be proceeded against and punished accordingly.
(4) If the affairs of a body corporate are managed by its members, paragraph (1) applies in relation to the acts and defaults of a member in connection with his functions of management as if he were a director of the body.
(5) In this regulation—
(a) “partner” includes a person purporting to act as a partner; and
(b) “officer”, in relation to a body corporate, means a director, manager, secretary, chief executive, member of the committee of management, or a person purporting to act in such a capacity.

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Source: https://www.legislation.gov.uk/uksi/2003/3075/regulation/27 (the official version)
Page: https://openlegislation.uk/money-laundering-regulations-2003/regulation-27
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.