Skip to main content

Home
FCA Handbook
ML
ML 8
ML 8.1 Application of this sourcebook

Alternative versions

2005-01-01

Point in time

2005-04-21

ML 8.1 Application of this sourcebook

Sole traders

ML 8.1.1 R 01/12/2001

The only provisions of this sourcebook which apply to a sole trader with no employees are those specified in ML 8.1.2 R.

ML 8.1.2 R 01/12/2001

Application to certain sole traders (see ML 8.1.1 R)

Chapter	Subject matter	Parts applicable to a sole trader with no employees
ML 1	Application and purpose	The whole chapter
ML 2	The general money laundering duties	The whole chapter
ML 3	Identification of the client	The whole chapter
ML 4	Reporting	Only ML 4.3.4 R applies
ML 5	Findings of deficiencies	The whole chapter
ML 6	Awareness and training	The whole chapter except ML 6.2.1 R (2)
ML 7	The MLRO and other arrangements	Only
		ML 7.2	ML 7.3
		Except ML 7.2.2 E (1)(a) and ML 7.2.2 E (1)(b) and ML 7.2.2 E (2)	Except ML 7.3.2 R (1)(d) and ML 7.3.2 R (1)(e)
ML 8	Sole traders and authorised professional firms	The whole chapter

Authorised professional firms

ML 8.1.3 R 01/12/2001

This sourcebook does not apply to authorised professional firms when carrying on non-mainstream regulated activities.