The Scope of Money Laundering Regulations: Registration: Charities and Public Sector Bodies
Services that are provided by certain charities and public bodies are not within the scope of the Regulations because they are not carried out ‘by way of business:’ See MLR2R1300.
- Registered charities (in furtherance of their charitable objectives), where the services are provided free or for a nominal charge.
- Public authorities serving members of the public free, or only charge a fee to cover the expense of providing the service.
- Public authorities as part of their statutory duties where a fee is charged.
- Public authorities funded by the Exchequer or council tax payers, and not by the person receiving the service.
- Public authorities or joint ventures, where 50% or more of the shares are owned by the public body, that provide services only to other public authorities.
- Public authorities or joint ventures (as defined above), that provide services to a firm authorised by a public authority to act on their behalf, such as a housing association.