SCHEDULE 7 Bank Accounts

SCHEDULE 7 Bank Accounts

Section 45

1

The Immigration Act 2014 is amended as follows.

2

After section 40 (prohibition on opening current accounts for disqualified persons) insert—

“40A Requirement to carry out immigration checks in relation to current accounts

(1)     A bank or building society must, at such times or with such frequency as is specified in regulations made by the Treasury, carry out an immigration check in relation to each current account held with it that is not an excluded account.

(2)     For the purposes of this section carrying out an “immigration check†in relation to a current account means checking whether, according to information supplied by the Secretary of State to a specified anti-fraud organisation or a specified data-matching authority, the account is operated by or for a disqualified person.

(3)     A “disqualified person†is a person—

(a)     who is in the United Kingdom,

(b)     who requires leave to enter or remain in the United Kingdom but does not have it, and

(c)     for whom the Secretary of State considers that a current account should not be provided by a bank or building society.

(4)     A current account is an excluded account for

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