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/27) - [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 3](/uksi/2017/692/part/3) - [CHAPTER 1](/uksi/2017/692/part/3/chapter/1) - Regulation 27 - [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/26 " regulation 26") - [Next: Provision](/uksi/2017/692/regulation/28 " regulation 28") - [Plain View](?view=plain) - [Print Options](#printOptions) [](#whatversionHelp) ## What Version - Latest available (Revised) - [Original (As made)](/uksi/2017/692/regulation/27/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 27 [](#timelineHelp) ### Alternative versions: - [26/06/2017*- Amendment*](/uksi/2017/692/regulation/27/2017-06-26) - [10/01/2020*- Amendment*](/uksi/2017/692/regulation/27/2020-01-10) - [01/09/2023*- Amendment*](/uksi/2017/692/regulation/27/2023-09-01) - [30/06/2026*- Amendment*](/uksi/2017/692/regulation/27/2026-06-30) ## Changes to legislation: The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, Section 27 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 27: - 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) #### Customer due diligenceU.K. This section has no associated Explanatory Memorandum 27.—(1) A relevant person must apply customer due diligence measures if the person— (a)establishes a business relationship; (b)carries out an occasional transaction that amounts to a transfer of funds within the meaning of Article 3.9 of the funds transfer regulation exceeding \[[F1](#commentary-key-c66216478568a8fe34a4a14728b753d8 "View the commentary text for this item")£800\]; (c)suspects money laundering or terrorist financing; or (d)doubts the veracity or adequacy of documents or information previously obtained for the purposes of identification or verification. (2) A relevant person who is not \[[F2](#commentary-key-c41239be8a37b2344e32aad026c065f0 "View the commentary text for this item")a letting agent,\] a high value dealer, \[[F3](#commentary-key-875351aecd4b4f3ebdb941a7f5834479 "View the commentary text for this item")an art market participant, a cryptoasset exchange provider of the kind referred to in paragraph (7D)\] \[[F4](#commentary-key-7c7b7cd82e58bb1374e871257a86fbc3 "View the commentary text for this item")or (7E), a custodian wallet provider of the kind referred to in paragraph (7E)\] or a casino must also apply customer due diligence measures if the person carries out an occasional transaction that amounts to \[[F5](#commentary-key-dc3f36612f6f036094a35d77d63ad884 "View the commentary text for this item")£12,000\] or more, whether the transaction is executed in a single operation or in several operations which appear to be linked.

(3) A high value dealer must also apply customer due diligence measures if that dealer carries out an occasional transaction in cash that amounts to \[[F6](#commentary-key-8858cb935c9def07588276bd7a49dedf "View the commentary text for this item")£10,000\] or more, whether the transaction is executed in a single operation or in several operations which appear to be linked. (4) A transaction does not cease to be a “transaction in cash” for the purposes of paragraph (3) if cash is paid by or on behalf of a party to the transaction— (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. (5) A casino must also apply customer due diligence measures in relation to any transaction within paragraph (6) that amounts to \[[F7](#commentary-key-c6a72b2ad0b2e30a72374963b744f6e8 "View the commentary text for this item")£2,000\] or more, whether the transaction is executed in a single operation or in several operations which appear to be linked. (6) A transaction is within this paragraph if it consists of— (a)the wagering of a stake, including— (i)the purchase from, or exchange with, the casino of tokens for use in gambling at the casino; (ii)payment for use of gaming machines (within the meaning of section 235 of the Gambling Act 2005 [M1](#commentary-c23048031 "View the commentary text for this item")); and (iii)the deposit of funds required to take part in remote gambling; or (b)the collection of winnings, including the withdrawal of funds deposited to take part in remote gambling (within the meaning of section 4 of the Gambling Act 2005) or winnings arising from the staking of such funds. (7) In determining whether a transaction amounts to \[[F8](#commentary-key-477f1c159c3e1ccbe33544dad77c4437 "View the commentary text for this item")£2,000\] or more for the purposes of paragraph (5), no account is to be taken of winnings from a previous transaction which had not been collected from the casino, gaming machine or remote gambling, but are being re-used in the transaction in question. \[[F9](#commentary-key-42b4a20810a48e63f9f100f88b0f6546 "View the commentary text for this item")(7A) A letting agent must also apply customer due diligence measures in relation to any \[[F10](#commentary-key-1442d7d645839cd87a393ac080a565c1 "View the commentary text for this item")occasional\] transaction which consists of the conclusion of an agreement for the letting of land (within the meaning given in regulation 13(7))— (i)for a term of a month or more, and (ii)at a rent which during at least part of the term is, or is equivalent to, a monthly rent of \[[F11](#commentary-key-5c12cfe0ca0da4f3c0d44a52482d9cc4 "View the commentary text for this item")£10,000\] or more. (7B) The letting agent must apply customer due diligence measures under paragraph (7A) in relation to both the person by whom the land is being let, and the person who is renting the land. (7C) An art market participant must also apply customer due diligence measures— (a)in relation to any trade in a work of art (within the meaning given in regulation 14), when the firm or sole practitioner carries out, or acts in respect of, any such \[[F12](#commentary-key-26ca36b5ff03255f2e34f75ee2510f37 "View the commentary text for this item")occasional\] transaction, \[[F13](#commentary-key-f2ede678858a95efc6fe2b60e576e4cf "View the commentary text for this item")whether executed in a single operation or in several operations which appear to be linked,\] whose value amounts to \[[F14](#commentary-key-a067eca2b3842befdfb2992361fa9044 "View the commentary text for this item")£10,000\] or more; (b)in relation to the storage of a work of art (within the meaning given in regulation 14), when it is the operator of a freeport and the value of the works of art so stored for a person, or series of linked persons, amounts to \[[F15](#commentary-key-37645a0de52a1d558dd261e43d141c15 "View the commentary text for this item")£10,000\] or more.

(7D) A cryptoasset exchange provider of the kind who operates a machine which utilises automated processes to exchange cryptoassets for money, or money for cryptoassets, must also apply customer due diligence measures in relation to any such transaction carried out using that machine (and for the purposes of this paragraph “money” and “cryptoasset” have the same meanings as they have in regulation 14A(1)).\] \[[F16](#commentary-key-377c9385960583f690a4edea7424c031 "View the commentary text for this item")(7E) Without prejudice to paragraph (7D), a cryptoasset exchange provider and a custodian wallet provider must also apply customer due diligence measures in relation to a cryptoasset transfer which is equal to or exceeds the equivalent in cryptoassets of \[[F17](#commentary-key-364216f016f9850e494624d62f353a4f "View the commentary text for this item")£800 \]in value (taken together with any other cryptoasset transfer which appears to be linked).\] (8) A relevant person must also apply customer due diligence measures— \[[F18](#commentary-key-cdeff1cd032256385d0fa004cc4d52b5 "View the commentary text for this item")(za)when the relevant person has any legal duty in the course of the calendar year to contact an existing customer for the purpose of reviewing any information which— (i)is relevant to the relevant person’s risk assessment for that customer, and (ii)relates to the beneficial ownership of the customer, including information which enables the relevant person to understand the ownership or control structure of a legal person, trust, foundation or similar arrangement who is the beneficial owner of the customer; (zb)when the relevant person has to contact an existing customer in order to fulfil any duty under the International Tax Compliance Regulations 2015 [M2](#commentary-c23048041 "View the commentary text for this item");\] (a)at other appropriate times to existing customers on a risk based approach; (b)when the relevant person becomes aware that the circumstances of an existing customer relevant to its risk assessment for that customer have changed. (9) For the purposes of paragraph (8), in determining when it is appropriate to take customer due diligence measures in relation to existing customers, a relevant person must take into account, among other things— (a)any indication that the identity of the customer, or of the customer's beneficial owner, has changed; (b)any transactions which are not reasonably consistent with the relevant person's knowledge of the customer; (c)any change in the purpose or intended nature of the relevant person's relationship with the customer; (d)any other matter which might affect the relevant person's assessment of the money laundering or terrorist financing risk in relation to the customer. \[[F19](#commentary-key-02f0af4eb98c0a7097341c74e57ca61d "View the commentary text for this item")(10) In this regulation, “cryptoasset” and “cryptoasset transfer” have the meanings given by regulation 64B (cryptoasset transfers: interpretation).\] Textual Amendments [F1](#reference-key-c66216478568a8fe34a4a14728b753d8 "Go back to reference for this commentary item")Sum in [reg. 27(1)(b)](/id/uksi/2017/692/regulation/27/1/b "Go to reg. 27(1)(b)") 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)"), [**14(a)**](/id/uksi/2026/621/regulation/14/a "Go to The Money Laundering and Terrorist Financing (Amendment) Regulations 2026 14(a)") [F2](#reference-key-c41239be8a37b2344e32aad026c065f0 "Go back to reference for this commentary item")Words in reg. 27(2) 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)"), [**5(1)(a)(i)**](/id/uksi/2019/1511/regulation/5/1/a/i "Go to The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 5(1)(a)(i)")

[F3](#reference-key-875351aecd4b4f3ebdb941a7f5834479 "Go back to reference for this commentary item")Words in reg. 27(2) 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)"), [**5(1)(a)(ii)**](/id/uksi/2019/1511/regulation/5/1/a/ii "Go to The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 5(1)(a)(ii)") [F4](#reference-key-7c7b7cd82e58bb1374e871257a86fbc3 "Go back to reference for this commentary item")Words in [reg. 27(2)](/id/uksi/2017/692/regulation/27/2 "Go to reg. 27(2)") inserted (1.9.2023) 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(3)](/id/uksi/2022/860/regulation/1/3 "Go to The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022 regs. 1(3)"), [**5(3)(a)**](/id/uksi/2022/860/regulation/5/3/a "Go to The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022 5(3)(a)") [F5](#reference-key-dc3f36612f6f036094a35d77d63ad884 "Go back to reference for this commentary item")Sum in [reg. 27(2)](/id/uksi/2017/692/regulation/27/2 "Go to reg. 27(2)") 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)"), [**14(b)**](/id/uksi/2026/621/regulation/14/b "Go to The Money Laundering and Terrorist Financing (Amendment) Regulations 2026 14(b)") [F6](#reference-key-8858cb935c9def07588276bd7a49dedf "Go back to reference for this commentary item")Sum in [reg. 27(3)](/id/uksi/2017/692/regulation/27/3 "Go to reg. 27(3)") 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)"), [**14(c)**](/id/uksi/2026/621/regulation/14/c "Go to The Money Laundering and Terrorist Financing (Amendment) Regulations 2026 14(c)") [F7](#reference-key-c6a72b2ad0b2e30a72374963b744f6e8 "Go back to reference for this commentary item")Sum in [reg. 27(5)](/id/uksi/2017/692/regulation/27/5 "Go to reg. 27(5)") 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)"), [**14(d)**](/id/uksi/2026/621/regulation/14/d "Go to The Money Laundering and Terrorist Financing (Amendment) Regulations 2026 14(d)") [F8](#reference-key-477f1c159c3e1ccbe33544dad77c4437 "Go back to reference for this commentary item")Sum in [reg. 27(7)](/id/uksi/2017/692/regulation/27/7 "Go to reg. 27(7)") 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)"), [**14(e)**](/id/uksi/2026/621/regulation/14/e "Go to The Money Laundering and Terrorist Financing (Amendment) Regulations 2026 14(e)")

[F9](#reference-key-42b4a20810a48e63f9f100f88b0f6546 "Go back to reference for this commentary item")Reg. 27(7A)-(7D) 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)"), [**5(1)(b)**](/id/uksi/2019/1511/regulation/5/1/b "Go to The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 5(1)(b)") [F10](#reference-key-1442d7d645839cd87a393ac080a565c1 "Go back to reference for this commentary item")Word in [reg. 27(7A)](/id/uksi/2017/692/regulation/27/7A "Go to reg. 27(7A)") inserted (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)"), [**14(f)(i)**](/id/uksi/2026/621/regulation/14/f/i "Go to The Money Laundering and Terrorist Financing (Amendment) Regulations 2026 14(f)(i)") [F11](#reference-key-5c12cfe0ca0da4f3c0d44a52482d9cc4 "Go back to reference for this commentary item")Sum in [reg. 27(7A)(ii)](/id/uksi/2017/692/regulation/27/7A/ii "Go to reg. 27(7A)(ii)") 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)"), [**14(f)(ii)**](/id/uksi/2026/621/regulation/14/f/ii "Go to The Money Laundering and Terrorist Financing (Amendment) Regulations 2026 14(f)(ii)") [F12](#reference-key-26ca36b5ff03255f2e34f75ee2510f37 "Go back to reference for this commentary item")Word in [reg. 27(7C)(a)](/id/uksi/2017/692/regulation/27/7C/a "Go to reg. 27(7C)(a)") inserted (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)"), [**14(g)(i)**](/id/uksi/2026/621/regulation/14/g/i "Go to The Money Laundering and Terrorist Financing (Amendment) Regulations 2026 14(g)(i)") [F13](#reference-key-f2ede678858a95efc6fe2b60e576e4cf "Go back to reference for this commentary item")Words in [reg. 27(7C)(a)](/id/uksi/2017/692/regulation/27/7C/a "Go to reg. 27(7C)(a)") 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)"), [**14(g)(ii)**](/id/uksi/2026/621/regulation/14/g/ii "Go to The Money Laundering and Terrorist Financing (Amendment) Regulations 2026 14(g)(ii)") [F14](#reference-key-a067eca2b3842befdfb2992361fa9044 "Go back to reference for this commentary item")Sum in [reg. 27(7C)(a)](/id/uksi/2017/692/regulation/27/7C/a "Go to reg. 27(7C)(a)") 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)"), [**14(g)(iii)**](/id/uksi/2026/621/regulation/14/g/iii "Go to The Money Laundering and Terrorist Financing (Amendment) Regulations 2026 14(g)(iii)")

[F15](#reference-key-37645a0de52a1d558dd261e43d141c15 "Go back to reference for this commentary item")Sum in [reg. 27(7C)(b)](/id/uksi/2017/692/regulation/27/7C/b "Go to reg. 27(7C)(b)") 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)"), [**14(h)**](/id/uksi/2026/621/regulation/14/h "Go to The Money Laundering and Terrorist Financing (Amendment) Regulations 2026 14(h)") [F16](#reference-key-377c9385960583f690a4edea7424c031 "Go back to reference for this commentary item")[Reg. 27(7E)](/id/uksi/2017/692/regulation/27/7E "Go to Reg. 27(7E)") inserted (1.9.2023) 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(3)](/id/uksi/2022/860/regulation/1/3 "Go to The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022 regs. 1(3)"), [**5(3)(b)**](/id/uksi/2022/860/regulation/5/3/b "Go to The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022 5(3)(b)") [F17](#reference-key-364216f016f9850e494624d62f353a4f "Go back to reference for this commentary item")Sum in [reg. 27(7E)](/id/uksi/2017/692/regulation/27/7E "Go to reg. 27(7E)") 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)"), [**14(i)**](/id/uksi/2026/621/regulation/14/i "Go to The Money Laundering and Terrorist Financing (Amendment) Regulations 2026 14(i)") [F18](#reference-key-cdeff1cd032256385d0fa004cc4d52b5 "Go back to reference for this commentary item")Reg. 27(8)(za)(zb) 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)"), [**5(1)(c)**](/id/uksi/2019/1511/regulation/5/1/c "Go to The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 5(1)(c)") [F19](#reference-key-02f0af4eb98c0a7097341c74e57ca61d "Go back to reference for this commentary item")[Reg. 27(10)](/id/uksi/2017/692/regulation/27/10 "Go to Reg. 27(10)") inserted (1.9.2023) 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(3)](/id/uksi/2022/860/regulation/1/3 "Go to The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022 regs. 1(3)"), [**5(3)(c)**](/id/uksi/2022/860/regulation/5/3/c "Go to The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022 5(3)(c)") Marginal Citations [M1](#reference-c23048031 "Go back to reference for this commentary item")[2005 c.19](/id/ukpga/2005/19 "Go to item of legislation"). [M2](#reference-c23048041 "Go back to reference for this commentary item") [S.I. 2015/878](/id/uksi/2015/878 "Go to item of legislation"), amended by [S.I. 2017/598](/id/uksi/2017/598 "Go to item of legislation"). - [Previous: Provision](/uksi/2017/692/regulation/26 " regulation 26") - [Next: Provision](/uksi/2017/692/regulation/28 " regulation 28") [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/3/data.pdf) - [Web page The Whole Part ](/uksi/2017/692/part/3/data.xht?view=snippet&wrap=true) - #### PrintThe Whole Chapter - [PDF The Whole Chapter ](/uksi/2017/692/part/3/chapter/1/data.pdf) - [Web page The Whole Chapter ](/uksi/2017/692/part/3/chapter/1/data.xht?view=snippet&wrap=true) - #### PrintThis Section only - [PDF This Section only ](/uksi/2017/692/regulation/27/data.pdf) - [Web page This Section only ](/uksi/2017/692/regulation/27/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. Would you like to continue? - [Continue to open](/uksi/2017/692/data.xht?view=snippet&wrap=true) ### You have chosen to open The Whole Instrument as a PDF The Whole Instrument you have selected contains over 200 provisions and might take some time to download. Would you like to continue? - [Continue to open](/uksi/2017/692/data.pdf) ### 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. Would you like to continue? - [Continue to open](/uksi/2017/692) [](#) ### Legislation is available in different versions: **Latest Available (revised):**The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area. **Original (As Enacted or Made):** The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text. [](#) ### See additional information alongside the content **Geographical Extent:** Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’. **Show Timeline of Changes:** See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box. [](#) ### Opening Options Different options to open legislation in order to view more content on screen at once [](#) ### Explanatory Memorandum Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards. [](#) ### More Resources Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include: - the original print PDF of the as enacted version that was used for the print copy - lists of changes made by and/or affecting this legislation item - confers power and blanket amendment details - all formats of all associated documents - correction slips - links to related legislation and further information resources

[](#) ### Impact Assessments Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand: - Why the government is proposing to intervene; - The main options the government is considering, and which one is preferred; - How and to what extent new policies may impact on them; and, - The estimated costs and benefits of proposed measures. [](#) ### Timeline of Changes This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help. [](#) ### More Resources Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include: - the original print PDF of the as made version that was used for the print copy - correction slips Click 'View More' or select 'More Resources' tab for additional information including: - lists of changes made by and/or affecting this legislation item - confers power and blanket amendment details - all formats of all associated documents - links to related legislation and further information resources The data on this page is available in the [alternative data formats](/developer/formats) listed: - [HTML5 alternative version](/uksi/2017/692/regulation/27/data.html) - [HTML snippet alternative version](/uksi/2017/692/regulation/27/data.xht) - [PDF alternative version](/uksi/2017/692/regulation/27/data.pdf) - [XML alternative version](/uksi/2017/692/regulation/27/data.xml) - [Akoma Ntoso alternative version](/uksi/2017/692/regulation/27/data.akn) - [HTML RDFa alternative version](/uksi/2017/692/regulation/27/data.htm) - [RDF/XML alternative version](/uksi/2017/692/regulation/27/data.rdf) - [New site design](/new-design) - [Help](/help) - [About us](/about-us) - [Site map](/sitemap) - [Accessibility](/accessibility) - [Contact us](/contact-us) - [Privacy notice](/privacynotice) - [Cookies](/cookiepolicy) - [Fair use policy](/fair-use-policy) All content is available under the [Open Government Licence v3.0](https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3) except where [otherwise stated](/contributors). This site additionally contains content derived from EUR-Lex, reused under the terms of the [Commission Decision 2011/833/EU](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32011D0833) on the reuse of documents from the EU institutions. For more information see the [EUR-Lex public statement on re-use](https://eur-lex.europa.eu/content/legal-notice/legal-notice.html). © Crown and database right