5  Money Laundering and Regulations

5.1  General

5.1.1  RSLs must ensure that they are aware of these Regulations, and adhere to them. For further guidance click on the asterisk.   

 

5.1.2  Regulation 10 of the Money Laundering Regulations relates to persons who act as high value dealers.  It is unlikely that RSLs would be considered high value dealers when undertaking Low Cost Home Ownership activity, but they must ensure that they satisfy any requirements of the above Regulations.

5.1.3  RSLs must seek their own advice as necessary in order to ensure compliance.

5.2  The Regulations

5.2.1  For details of the Money Laundering Regulations follow the asterisk