The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (from the file; to confirm against the document)

- [Skip to main content](#pageTitle) - [Skip to navigation](#primaryNav) ## [legislation.gov.uk](/) [https://www.nationalarchives.gov.uk](https://www.nationalarchives.gov.uk) - [Cymraeg](/cy/uksi/2017/692/regulation/14) - [Home](/) - [Explore our collections](/explore) - [Research tools](/research-tools) - [Help and guidance](/help) - [What's new](/new) - [About us](/about-us) - [Search Legislation](#contentSearch) ## Search Legislation Title: *(or keywords in the title)* Year: Number: Type:All UK Legislation (excluding originating from the EU)--------------------------------------------All Legislation (including originating from EU)--------------------------------------------All Legislation originating from the EU that is amended by the UK--------------------------------------------All Primary Legislation    UK Public General Acts    UK Local Acts    UK Private and Personal Acts    Acts of the Scottish Parliament    Acts of Senedd Cymru    Acts of the National Assembly for Wales    Measures of the National Assembly for Wales    Church Measures    Acts of the Northern Ireland Assembly    Acts of the Old Scottish Parliament    Acts of the English Parliament    Acts of the Old Irish Parliament    Acts of the Parliament of Great Britain    Local Acts of the Parliament of Great Britain    Private and Personal Acts of the Parliament of Great Britain    Northern Ireland Orders in Council    Measures of the Northern Ireland Assembly    Acts of the Northern Ireland Parliament--------------------------------------------All Secondary Legislation    UK Statutory Instruments    Welsh Statutory Instruments    Scottish Statutory Instruments    Northern Ireland Statutory Rules    Church Instruments    UK Ministerial Directions    UK Ministerial Orders    UK Statutory Rules and Orders    Northern Ireland Statutory Rules and Orders--------------------------------------------All Legislation originating from the EU    Regulations originating from the EU    Regulations originating from the EU that are amended by the UK    Decisions originating from the EU    Decisions originating from the EU that are amended by the UK    Directives originating from the EU    European Union Treaties--------------------------------------------All Draft Legislation    UK Draft Statutory Instruments    Scottish Draft Statutory Instruments    Northern Ireland Draft Statutory Rules--------------------------------------------All Impact Assessments    UK Impact Assessments Search [Advanced Search](/search) # The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ## You are here: - [UK Statutory Instruments](/uksi) - [2017 No. 692](/uksi/2017/692/contents) - [PART 2](/uksi/2017/692/part/2) - [CHAPTER 1](/uksi/2017/692/part/2/chapter/1) - Regulation 14 - [Table of Contents](/uksi/2017/692/contents) - [Content](/uksi/2017/692/introduction) - [Explanatory Memorandum](/uksi/2017/692/memorandum/contents)[](#emTabHelp) - [Impact Assessments](/uksi/2017/692/impacts)[](#moreIATabHelp) - [More Resources](/uksi/2017/692/resources)[](#moreResourcesTabHelp) - [Previous: Provision](/uksi/2017/692/regulation/13 " regulation 13") - [Next: Provision](/uksi/2017/692/regulation/14A " regulation 14a") - [Plain View](?view=plain) - [Print Options](#printOptions) [](#whatversionHelp) ## What Version - Latest available (Revised) - [Original (As made)](/uksi/2017/692/regulation/14/made) [](#advFeaturesHelp)

## Advanced Features - [Show Geographical Extent](?view=extent)(e.g. **E**ngland, **W**ales, **S**cotland and **N**orthern **I**reland) - [Show Timeline of Changes](?timeline=false) [](#openingOptionsHelp) ## Opening Options - [Open whole Instrument](#openingWholeMod) - [Open Instrument without Schedules](/uksi/2017/692/body) - [Open Schedules only](/uksi/2017/692/schedules) ## More Resources - [Original: King's Printer Version](/uksi/2017/692/pdfs/uksi_20170692_en.pdf) [View more](/uksi/2017/692/resources) ## Changes over time for: Section 14 [](#timelineHelp) ### Alternative versions: - [26/06/2017*- Amendment*](/uksi/2017/692/regulation/14/2017-06-26) - [10/01/2020*- Amendment*](/uksi/2017/692/regulation/14/2020-01-10) - [22/04/2021*- Amendment*](/uksi/2017/692/regulation/14/2021-04-22) - [01/09/2022*- Amendment*](/uksi/2017/692/regulation/14/2022-09-01) - [30/06/2026*- Amendment*](/uksi/2017/692/regulation/14/2026-06-30) ## Changes to legislation: The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, Section 14 is up to date with all changes known to be in force on or before 28 September 2026. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.[](#Scenario5Help) [](#) ### Changes to Legislation Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing. [View outstanding changes](#statusWarningSubSections) ### Changes and effects yet to be applied to Regulation 14: - Sch. 6 para. 7(ga) inserted by [S.I. 2026/621](/id/uksi/2026/621) [reg. 36(b)](/id/uksi/2026/621/regulation/36/b) - reg. 34A inserted by [S.I. 2026/621](/id/uksi/2026/621) [reg. 20](/id/uksi/2026/621/regulation/20) ### Changes and effects yet to be applied to the whole Instrument associated Parts and Chapters: Whole provisions yet to be inserted into this Instrument (including any effects on those provisions): - Sch. 6 para. 7(ga) inserted by [S.I. 2026/621](/id/uksi/2026/621) [reg. 36(b)](/id/uksi/2026/621/regulation/36/b) - reg. 34A inserted by [S.I. 2026/621](/id/uksi/2026/621) [reg. 20](/id/uksi/2026/621/regulation/20) #### High value dealers, \[[F1](#commentary-key-5611e89127e2777a1a7c75d8f7f0018c "View the commentary text for this item")casinos, auction platforms and art market participants\]U.K. This section has no associated Explanatory Memorandum 14.—(1) In these Regulations— (a)“high value dealer” means a firm or sole trader who by way of business trades in goods (including an auctioneer dealing in goods), when the trader makes or receives, in respect of any transaction, a payment or payments in cash of at least \[[F2](#commentary-key-e19dee4498dc46e6c9d34bc2af79229d "View the commentary text for this item")£10,000\] in total, whether the transaction is executed in a single operation or in several operations which appear to be linked; (b)“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 [M1](#commentary-c23047871 "View the commentary text for this item") (nature of licence);

(c)“auction platform” means a platform which auctions two-day spot or five-day futures, within the meanings given by \[[F3](#commentary-key-9cf0e5ed406034f234d1a752b0469448 "View the commentary text for this item")regulation 2(1) of the UK auctioning regulations\], when it carries out activities covered by that regulation. \[[F4](#commentary-key-e0a718c2142f5ab0b1f9c1feb1f81936 "View the commentary text for this item")(d)“art market participant” means \[[F5](#commentary-key-7e2b9473661e5d645f79dcb53dd3e491 "View the commentary text for this item"), subject to paragraph (3),\] a firm or sole practitioner who— (i)by way of business trades in, or acts as an intermediary in the sale or purchase of, works of art and the value of the transaction, or a series of linked transactions, amounts to \[[F2](#commentary-key-e19dee4498dc46e6c9d34bc2af79229d "View the commentary text for this item")£10,000\] or more; or (ii)is the operator of a freeport when it, or any other firm or sole practitioner, by way of business stores works of art in the freeport and the value of the works of art so stored for a person, or a series of linked persons, amounts to \[[F2](#commentary-key-e19dee4498dc46e6c9d34bc2af79229d "View the commentary text for this item")£10,000\] or more; (e)“freeport” means a warehouse or storage facility within an area designated by the Treasury as a special area for customs purposes pursuant to section 100A(1) of the Customs and Excise Management Act 1979 (designation of free zones) [M2](#commentary-c23047881 "View the commentary text for this item"); (f)“work of art” means anything which, in accordance with section 21(6) to (6B) of the Value Added Tax Act 1994 (value of imported goods) [M3](#commentary-c23047891 "View the commentary text for this item"), is a work of art for the purposes of section 21(5)(a) of that Act.\] (2) A payment does not cease to be a “payment in cash” for the purposes of paragraph (1)(a) if cash is paid by or on behalf of the person making the payment— (a)to a person other than the other party to the transaction for the benefit of the other party, or (b)into a bank account for the benefit of the other party to the transaction. \[[F6](#commentary-key-39ad6b6d70512d9cae9bcfc3ace2c686 "View the commentary text for this item")(3) A firm or sole practitioner is not an art market participant for the purposes of paragraph (1)(d)(i) in relation to the sale of a work of art which is created by, or is attributable to, a member of the firm or the sole practitioner.\] Textual Amendments [F1](#reference-key-5611e89127e2777a1a7c75d8f7f0018c "Go back to reference for this commentary item")Words in reg. 14 heading substituted (10.1.2020) by [The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (S.I. 2019/1511)](/id/uksi/2019/1511 "The Money Laundering and Terrorist Financing (Amendment) Regulations 2019"), [regs. 1(2)](/id/uksi/2019/1511/regulation/1/2 "Go to The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 regs. 1(2)"), [**4(5)**](/id/uksi/2019/1511/regulation/4/5 "Go to The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 4(5)") [F2](#reference-key-e19dee4498dc46e6c9d34bc2af79229d "Go back to reference for this commentary item")Sum in [reg. 14](/id/uksi/2017/692/regulation/14 "Go to reg. 14") substituted (30.6.2026) by [The Money Laundering and Terrorist Financing (Amendment) Regulations 2026 (S.I. 2026/621)](/id/uksi/2026/621 "The Money Laundering and Terrorist Financing (Amendment) Regulations 2026"), [regs. 1(2)](/id/uksi/2026/621/regulation/1/2 "Go to The Money Laundering and Terrorist Financing (Amendment) Regulations 2026 regs. 1(2)"), [**9**](/id/uksi/2026/621/regulation/9 "Go to The Money Laundering and Terrorist Financing (Amendment) Regulations 2026 9") [F3](#reference-key-9cf0e5ed406034f234d1a752b0469448 "Go back to reference for this commentary item")Words in [reg. 14(1)(c)](/id/uksi/2017/692/regulation/14/1/c "Go to reg. 14(1)(c)") substituted (22.4.2021) by [The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494)](/id/uksi/2021/494 "The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021"), [regs. 1(2)](/id/uksi/2021/494/regulation/1/2 "Go to The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 regs. 1(2)"), [**8(4)**](/id/uksi/2021/494/regulation/8/4 "Go to The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 8(4)")

[F4](#reference-key-e0a718c2142f5ab0b1f9c1feb1f81936 "Go back to reference for this commentary item")Reg. 14(1)(d)-(f) inserted (10.1.2020) by [The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (S.I. 2019/1511)](/id/uksi/2019/1511 "The Money Laundering and Terrorist Financing (Amendment) Regulations 2019"), [regs. 1(2)](/id/uksi/2019/1511/regulation/1/2 "Go to The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 regs. 1(2)"), [**4(6)**](/id/uksi/2019/1511/regulation/4/6 "Go to The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 4(6)") [F5](#reference-key-7e2b9473661e5d645f79dcb53dd3e491 "Go back to reference for this commentary item")Words in [reg. 14(1)(d)](/id/uksi/2017/692/regulation/14/1/d "Go to reg. 14(1)(d)") inserted (1.9.2022) by [The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022 (S.I. 2022/860)](/id/uksi/2022/860 "The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022"), [regs. 1(5)](/id/uksi/2022/860/regulation/1/5 "Go to The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022 regs. 1(5)"), [**7(a)**](/id/uksi/2022/860/regulation/7/a "Go to The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022 7(a)") [F6](#reference-key-39ad6b6d70512d9cae9bcfc3ace2c686 "Go back to reference for this commentary item")[Reg. 14(3)](/id/uksi/2017/692/regulation/14/3 "Go to Reg. 14(3)") inserted (1.9.2022) by [The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022 (S.I. 2022/860)](/id/uksi/2022/860 "The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022"), [regs. 1(5)](/id/uksi/2022/860/regulation/1/5 "Go to The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022 regs. 1(5)"), [**7(b)**](/id/uksi/2022/860/regulation/7/b "Go to The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022 7(b)") Marginal Citations [M1](#reference-c23047871 "Go back to reference for this commentary item")[2005 c.19](/id/ukpga/2005/19 "Go to item of legislation"). [M2](#reference-c23047881 "Go back to reference for this commentary item") [1979 c. 2](/id/ukpga/1979/2 "Go to item of legislation"). Section 100A was inserted by the Finance Act 1984 (c.2), section 8 and [(c.43)](/id/ukpga/1984/43 "Go to item of legislation"), Schedule 4. [M3](#reference-c23047891 "Go back to reference for this commentary item") [1994 c. 23](/id/ukpga/1994/23 "Go to item of legislation"). Sections 21(6) to (6B) were inserted by section 12(2) of the Finance Act [1999 (c.16)](/id/ukpga/1999/16 "Go to item of legislation"). - [Previous: Provision](/uksi/2017/692/regulation/13 " regulation 13") - [Next: Provision](/uksi/2017/692/regulation/14A " regulation 14a") [Back to top](#top) ## Options/Help ### Print Options - #### PrintThe Whole Instrument - [PDF The Whole Instrument](#printLegislationModPdf) - [Web page The Whole Instrument](#printLegislationModHtm) - #### PrintThe Whole Part - [PDF The Whole Part ](/uksi/2017/692/part/2/data.pdf) - [Web page The Whole Part ](/uksi/2017/692/part/2/data.xht?view=snippet&wrap=true) - #### PrintThe Whole Chapter - [PDF The Whole Chapter ](/uksi/2017/692/part/2/chapter/1/data.pdf) - [Web page The Whole Chapter ](/uksi/2017/692/part/2/chapter/1/data.xht?view=snippet&wrap=true) - #### PrintThis Section only - [PDF This Section only ](/uksi/2017/692/regulation/14/data.pdf) - [Web page This Section only ](/uksi/2017/692/regulation/14/data.xht?view=snippet&wrap=true) ### You have chosen to open The Whole Instrument The Whole Instrument you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

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