Criminal Justice (Money Laundering and Terrorist Financing) Act 2010

Exemption from section 35 (1).

36.— (1) A designated person is not required to comply with section 35 (1) if the designated person has reasonable grounds for believing that the customer or product concerned is a specified customer or specified product, as the case may be.

(2) The exemption provided for in subsection (1) does not apply to a designated person in any of the following circumstances:

(a) the customer concerned is from a place that is designated under section 32 ;

(b) section 33 (1)(c) or (d) or (4) applies;

(c) a designated person is required to apply measures, in relation to the customer or beneficial owner (if any) concerned, under section 37 .

(3) For the purposes of this section, “specified customer” and “specified product” have the same meanings as they have in section 34 .