Anti-Money Laundering (Amendment) (No. 3) Regulations, 2020 (SL 140 of 2020)

Proceeds of Crime Law (2020 Revision) ANTI-MONEY LAUNDERING (AMENDMENT) (NO. 3) REGULATIONS,

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Anti-Money Laundering (Amendment) (No. 3) Regulations, 2020 Regulation 1

Proceeds of Crime Law (2020 Revision) ANTI-MONEY LAUNDERING (AMENDMENT) (NO. 3) REGULATIONS, 2020 In exercise of the powers conferred by section 145 of the Proceeds of Crime Law (2020 Revision), the Cabinet, on the recommendation of the Anti-Money Laundering Steering Group, the Monetary Authority and the Financial Reporting Authority, makes the following Regulations — Citation These Regulations may be cited as the Anti-Money Laundering (Amendment) (No. 3) Regulations, 2020. Amendment of regulation 36 of the Anti-Money Laundering Regulations (2020 Revision) - information accompanying transfers of funds and recordkeeping The Anti-Money Laundering Regulations (2020 Revision) are amended in regulation 36 by repealing paragraph (2) and substituting the following paragraph — “(2) For the purpose of this Part, complete information on a payer shall include — (a) the payer’s name;

Regulation 2 Anti-Money Laundering (Amendment) (No. 3) Regulations, 2020

(b) the payer’s account number, or where the account number is not available, a unique identifier which allows the transaction to be traced back to the payer; and (c) one of the following — (i) the payer’s address; (ii) the number of a Government-issued document evidencing the payer’s identity; (iii) the payer’s customer identification number; or (iv) the payer’s date and place of birth.”.

Made in Cabinet the 10th day of November, 2020. Davina Wilson Acting Clerk of the Cabinet