MLR1PP3200 - Penalties Guidance: Specific failings and breaches of the Money Laundering Regulations

Regulation 7 - failure to apply appropriate and risk-sensitive customer due diligence measures

Regulation 8 - failure to apply appropriate and risk-sensitive ongoing monitoring of a business relationship

Regulation 9 - failure to comply with the requirements on timing of verification of identity of clients and any beneficial owner

Regulation 11 - continuing with transaction/business relationship where unable to apply customer due diligence measures

Regulation 14 - failure to apply enhanced customer due diligence and ongoing monitoring where required

Regulation 18 - failing to follow a direction made by HM Treasury under this regulation (directions where FATF applies counter-measures)

Regulation 19 - failure to keep the required records

Regulation 20 - failure to establish, maintain, monitor and manage the required risk based policies and procedures

Regulation 21 - failure to take appropriate measures to provide the required training

Regulations 26, 27(4), 33 - failure to comply with registration requirements specified by the Commissioners

Further details about which of these failings or breaches are connected can be found in MLR1PP7200+