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Contents > 3d Anti Money Laundering > Money Laundering Guidance... > JMLSG MLGN2006: 5.2 Who is...
Page last published: 28 February 2006

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PREVENTION OF MONEY LAUNDERING/
COMBATING THE FINANCING OF TERRORISM
GUIDANCE FOR THE UK FINANCIAL SECTOR
31 January 2006
The Joint Money Laundering Steering Group
CHAPTER 5 CUSTOMER DUE DILIGENCE
5.2 Who is the customer?
2006 GUIDANCE NOTES REPLACED by
November 2007 version with effect from 15 December 2007
ORIGINAL TEXT:

	5.2.1	The law dealing with customer identification refers to 'applicants for business'. Under the ML Regulations, the term 'applicant for business' includes any natural or legal person who seeks to enter into a business relationship or conduct a one-off transaction, with a firm, as principal or as an agent for someone else.
Regulation 2(1)	5.2.2

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