The Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020
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The Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020
The amendments relate principally to beneficial ownership and trusts, and to Brexit. Reg. 3 contains an exclusion for customers that are publicly listed companies from the duty to take measures to understand a customer’s ownership structure and to clarify the provision confirming that identity can be verified electronically.
See here.
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