Source: https://www.formacompany.com/uk/uk-money-laundering-regulations-2007/the-money-laundering-regulations-2007-enforcement/
Timestamp: 2020-02-17 01:05:36
Document Index: 608842322

Matched Legal Cases: ['ART 2', 'ART 3', 'ART 4', 'ART 5', 'art 5', 'art 3']

The Money Laundering Regulations 2007 - Enforcement
The Money Laundering Regulations 2007 – Enforcement
PART 2 – CUSTOMER DUE DILIGENCE
PART 3 – RECORD-KEEPING, PROCEDURES AND TRAINING
PART 4 – SUPERVISION AND REGISTRATION
PART 5 – ENFORCEMENT
SCHEDULE 1 – ACTIVITIES LISTED IN POINTS 2 TO 12 AND 14 OF ANNEX I TO THE BANKING
(b) the Commissioners;
(c) the OFT; and
(d) in relation to credit unions in Northern Ireland, DETI;
(a) an officer of the Authority, including a member of the Authority’s staff or an agent of the Authority;
(b) an officer of Revenue and Customs;
(c) an officer of the OFT;
(d) a relevant officer; or
(e) an officer of DETI acting for the purposes of its functions under these Regulations in relation to credit unions in Northern Ireland;
(a) in Great Britain, an officer of a local weights and measures authority;
(b) in Northern Ireland, an officer of DETI acting pursuant to arrangements made with the OFT for the purposes of these Regulations.
(a) to provide such information as may be specified in the notice;
(b) to produce such recorded information as may be so specified; or
(c) to attend before an officer at a time and place specified in the notice and answer questions.
(a) the notice must set out the reasons why the officer requires the information to be provided or produced; and
(b) such information must be provided or produced—
(i) before the end of such reasonable period as may be specified in the notice; and
(ii) at such place as may be so specified.
(a) no evidence relating to the statement may be adduced; and
(a) section 5 of the Perjury Act 1911 (false statements without oath);
(b) section 44(2) of the Criminal Law (Consolidation)(Scotland) Act 1995 (false statements and declarations); or
(c) Article 10 of the Perjury (Northern Ireland) Order 1979 (false unsworn statements).
(a) proceedings in the High Court is to be read as a reference to legal proceedings generally; and
(b) an entitlement on grounds of legal professional privilege is to be read as a reference to an entitlement on the grounds of confidentiality of communications.
(a) enter the premises;
(b) inspect the premises;
(c) observe the carrying on of business or professional activities by the relevant person;
(d) inspect any recorded information found on the premises;
(e) require any person on the premises to provide an explanation of any recorded information or to state where it may be found;
(f) in the case of a money service business or a high value dealer, inspect any cash found on the premises.
(a) that there is on the premises specified in the warrant recorded information in relation to which a requirement could be imposed under regulation 37(1)(b); and
(b) that if such a requirement were to be imposed—
(ii) the recorded information to which it relates would be removed, tampered with or destroyed.
(a) that a person on whom a requirement has been imposed under regulation 37(1)(b) has failed (wholly or in part) to comply with it; and
(b) that there is on the premises specified in the warrant recorded information which has been required to be produced.
(a) that an officer has been obstructed in the exercise of a power under regulation 38; and
(b) that there is on the premises specified in the warrant recorded information or cash which could be inspected under regulation 38(1)(d) or (f).
(a) an offence under these Regulations has been, is being or is about to be committed by a relevant person; and
(b) there is on the premises specified in the warrant recorded information relevant to whether that offence has been, or is being or is about to be committed.
(b) to search the premises and take possession of any recorded information or anything appearing to be recorded information specified in the warrant or to take, in relation to any such recorded information, any other steps which may appear to be necessary for preserving it or preventing interference with it;
(c) to take copies of, or extracts from, any recorded information specified in the warrant;
(d) to require any person on the premises to provide an explanation of any recorded information appearing to be of the kind specified in the warrant or to state where it may be found;
(e) to use such force as may reasonably be necessary.
(a) in relation to England and Wales, a justice of the peace;
(b) in relation to Scotland, a justice within the meaning of section 307 of the Criminal Procedure (Scotland) Act 1995) (interpretation);
(c) in relation to Northern Ireland, a lay magistrate.
(a) a designated authority; or
(b) a local weights and measures authority or DETI pursuant to arrangements made with the OFT—
(i) by or on behalf of the authority; or
(ii) by DETI,
(a) to do the thing that he failed to do within such period as may be specified in the order;
(b) otherwise to take such steps to remedy the consequences of the failure as may be so specified.
(a) in England and Wales and Northern Ireland, the High Court or the county court;
(b) in Scotland, the Court of Session or the sheriff.
(a) by or on behalf of the local weights and measures authority of which he is an officer (“his authority”); or
(b) by DETI.
(a) he has the approval of the OFT to do so; or
(b) he is under a duty to make the disclosure.
(a) issued by a supervisory authority or any other appropriate body;
(b) approved by the Treasury; and
(c) published in a manner approved by the Treasury as suitable in their opinion to bring the guidance to the attention of persons likely to be affected by it.
(a) their decision to impose the penalty and its amount;
(b) the reasons for imposing the penalty;
(c) the right to a review under regulation 43; and
(d) the right to appeal under regulation 44(1)(a).
(a) its proposal to impose the penalty and the proposed amount;
(b) the reasons for imposing the penalty; and
(c) the right to make representations to it within a specified period (which may not be less than 28 days).
(a) its decision not to impose a penalty; or
(b) the following matters—
(i) its decision to impose a penalty and the amount;
(ii) the reasons for its decision; and
(iii) the right to appeal under regulation 44(1)(b).
(a) regulation 29, to refuse to register an applicant;
(b) regulation 30, to cancel the registration of a registered person; and
(c) regulation 42, to impose a penalty.
(b) withdraw or vary the decision and take such further steps (if any) in consequence of the withdrawal or variation as they consider appropriate.
(a) the Commissioners on a review under regulation 43; and
(b) the Authority, the OFT or DETI under regulation 34 or 42.
(a) the Commissioners is to a VAT and duties tribunal;
(b) the Authority is to the Financial Services and Markets Tribunal;
(c) the OFT is to the Consumer Credit Appeals Tribunal; and
(d) DETI is to the High Court.
(3) The provisions of Part 5 of the Value Added Tax Act 1994 (appeals), subject to the modifications set out in paragraph 1 of Schedule 5, apply in respect of appeals to a VAT and duties tribunal made under this regulation as they apply in respect of appeals made to such a tribunal under section 83 (appeals) of that Act.
(5) Sections 40A (the Consumer Credit Appeals Tribunal), 41 (appeals to the Secretary of State under Part 3) and 41A (appeals from the Consumer Credit Appeals Tribunal) of the Consumer Credit Act 1974 apply in respect of appeals to the Consumer Credit Appeal Tribunal made under this regulation as they apply in respect of appeals made to that Tribunal under section 41 of that Act.
(a) quash or vary any decision of the supervisory authority, including the power to reduce any penalty to such amount (including nil) as they think proper; and
(b) substitute their own decision for any decision quashed on appeal.
(7) Notwithstanding paragraph (2)(c), until the coming into force of section 55 of the Consumer Credit Act 2006 (the Consumer Credit Appeals Tribunal), an appeal from a decision by the OFT is to the Financial Services and Markets Tribunal and, for these purposes, the coming into force of that section shall not affect—
(a) the hearing and determination by the Financial Service and Markets Tribunal of an appeal commenced before the coming into force of that section (“the original appeal”); or
(b) any appeal against the decision of the Financial Services and Markets Tribunal with respect to the original appeal.
(b) on conviction on indictment, to imprisonment for a term not exceeding two years, to a fine or to both.
(a) the Director of Revenue and Customs Prosecutions or by order of the Commissioners;
(b) the OFT;
(c) a local weights and measures authority;
(d) DETI;
(e) the Director of Public Prosecutions; or
(f) the Director of Public Prosecutions for Northern Ireland.
(a) whether there are grounds for believing that an offence under regulation 45 has been committed by any person; or
(b) whether such a person should be prosecuted for such an offence,
that matter is to be treated as an assigned matter within the meaning of section 1(1) of the Customs and Excise Management Act 1979.
(a) to have been committed with the consent or the connivance of an officer of the body corporate; or
(a) to have been committed with the consent or the connivance of a partner; or
(a) to have been committed with the consent or the connivance of an officer of the association; or
(a) section 33 of the Criminal Justice Act 1925 (procedure on charge of offence against corporation) and Schedule 3 to the Magistrates’ Courts Act 1980 (corporations) apply as they do in relation to a body corporate;
(b) section 70 (proceedings against bodies corporate) of the Criminal Procedure (Scotland) Act 1995 applies as it does in relation to a body corporate;
(c) section 18 of the Criminal Justice (Northern Ireland) Act 1945 (procedure on charge) and Schedule 4 to the Magistrates’ Courts (Northern Ireland) Order 1981 (corporations) apply as they do in relation to a body corporate.
(a) in relation to a body corporate, means a director, manager, secretary, chief executive, member of the committee of management, or a person purporting to act in such a capacity; and
(b) in relation to an unincorporated association, means any officer of the association or any member of its governing body, or a person purporting to act in such capacity; and“partner” includes a person purporting to act as a partner.