Anti-money laundering

conduct which occurs overseas that would be a criminal offence if it occurred in the UK

does not include conduct which occurred overseas where it is known or believed on reasonable grounds that the relevant conduct occurred in a particular country or territory outside the UK, and such conduct was in fact not unlawful under the criminal law then applying in that country or territory

that exemption will not apply to overseas criminal conduct if it would attract a maximum sentence in excess of 12 months imprisonment were the conduct to have occurred in the UK

will always be exempt if the overseas conduct is such that it would constitute an offence under the Gaming Act 1968, the Lotteries & Amusements Act 1976 or s23 or s35 of the Financial Services and Markets Act 2000

a firm or sole practitioner who by way of business provides any of the following services to other persons -

1. forming companies or other legal persons
2. acting or arranging for another person to act
   1. as a director or secretary of a company;
   2. as a partner of a partnership; or
   3. in a similar position in relation to other legal persons;
3. providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;
4. acting, or arranging for another person to act, as -
   1. a trustee of an express trust or similar legal arrangement; or
   2. a nominee shareholder for another person other than a company listed on a regulated market when providing such services.