# The Money Laundering Regulations 2003, Regulation 28: Prohibitions in relation to certain countries


(1) The Treasury may direct any person who carries on relevant business—
(a) not to enter a business relationship;
(b) not to carry out any one-off transaction; or
(c) not to proceed any further with a business relationship or one-off transaction;
in relation to a person who is based or incorporated in a country (other than an EEA State) to which the Financial Action Task Force has decided to apply counter-measures.
(2) A person who fails to comply with a Treasury direction is to be treated as having contravened regulation 3.

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Source: https://www.legislation.gov.uk/uksi/2003/3075/regulation/28 (the official version)
Page: https://openlegislation.uk/money-laundering-regulations-2003/regulation-28
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.