Anti-Money Laundering and Countering Financing of Terrorism (Definitions) Regulations 2011

18 Exclusion: reporting entities whose every relevant service is exempt from Act

(1)

This regulation applies to a person who, but for this regulation, would be a reporting entity (whether because the person is a financial institution or otherwise) but who only performs relevant services that are exempt from all provisions of the Act.

(2)

A person to whom this regulation applies is declared not to be a reporting entity for the purposes of the Act.

Regulation 18: replaced, on 27 July 2016, by regulation 6 of the Anti-Money Laundering and Countering Financing of Terrorism (Definitions) Amendment Regulations 2016 (LI 2016/132).