{
  "url": "https://openlegislation.uk/money-laundering-regulations-2003/regulation-5",
  "json_url": "https://openlegislation.uk/money-laundering-regulations-2003/regulation-5.json",
  "legislation": "uksi/2003/3075",
  "legislation_title": "The Money Laundering Regulations 2003",
  "legislation_url": "https://openlegislation.uk/money-laundering-regulations-2003",
  "path": "regulation/5",
  "kind": "regulation",
  "number": "5",
  "heading": "Exceptions",
  "text": "(1) Except in circumstances falling within regulation 4(2)(b)(i), identification procedures under regulation 4 do not require A to take steps to obtain evidence of any person’s identity in any of the following circumstances.\n(2) Where A has reasonable grounds for believing that B—\n(a) carries on in the United Kingdom relevant business falling within any of sub-paragraphs (a) to (e) of regulation 2(2), is not a money service operator and, if carrying on an activity falling within regulation 2(2)(a), is an authorised person with permission under the 2000 Act to carry on that activity;\n(b) does not carry on relevant business in the United Kingdom but does carry on comparable activities to those falling within sub-paragraph (a) and is covered by the Money Laundering Directive; or\n(c) is regulated by an overseas regulatory authority (within the meaning given by section 82 of the Companies Act 1989) and is based or incorporated in a country (other than an EEA State) whose law contains comparable provisions to those contained in the Money Laundering Directive.\n(3) Where—\n(a) A carries out a one-off transaction with or for a third party pursuant to an introduction effected by a person who has provided a written assurance that evidence of the identity of all third parties introduced by him will have been obtained and recorded under procedures maintained by him;\n(b) that person identifies the third party; and\n(c) A has reasonable grounds for believing that that person falls within any of sub-paragraphs (a) to (c) of paragraph (2).\n(4) In relation to a contract of long-term insurance—\n(a) in connection with a pension scheme taken out by virtue of a person’s contract of employment or occupation where the contract of long-term insurance—\n(i) contains no surrender clause; and\n(ii) may not be used as collateral for a loan; or\n(b) in respect of which a premium is payable—\n(i) in one instalment of an amount not exceeding 2,500 euro; or\n(ii) periodically and where the total payable in respect of any calendar year does not exceed 1,000 euro.\n(5) Where the proceeds of a one-off transaction are payable to B but are instead directly reinvested on his behalf in another transaction—\n(a) of which a record is kept; and\n(b) which can result only in another reinvestment made on B’s behalf or in a payment made directly to B.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2003/3075/regulation/5",
    "retrieved_at": "2026-10-29T05:43:36.690514+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}