[333U Money laundering [and terrorist financing]: guidance]
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[Part XXC Politically Exposed Persons: Money Laundering and Terrorist Financing]

[333U  Money laundering [and terrorist financing]: guidance]

[(1)     The FCA must, prior to relevant regulations coming into force, issue guidance to regulated entities on the definition of one or more categories of politically exposed persons (“PEPs”).

(2)     Guidance under subsection (1) must include, but need not be limited to—

(a)     a requirement to take a proportional, risk-based and differentiated approach to conducting transactions or business relationships

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