Fraud and blackmail

F115B Section 15A: supplementary.

1

The following provisions have effect for the interpretation of section 15A of this Act.

2

“Deception” has the same meaning as in section 15 of this Act.

3

“Account” means an account kept with—

a

a bank; or

b

a person carrying on a business which falls within subsection (4) below.

4

A business falls within this subsection if—

a

in the course of the business money received by way of deposit is lent to others; or

b

any other activity of the business is financed, wholly or to any material extent, out of the capital of or the interest on money received by way of deposit;

and “deposit” here has the same meaning as in section 35 of the M1Banking Act 1987 (fraudulent inducement to make a deposit).

5

For the purposes of subsection (4) above—

a

all the activities which a person carries on by way of business shall be regarded as a single business carried on by him; and

b

“money” includes money expressed in a currency other than sterling or in the European currency unit (as defined in Council Regulation No. 3320/94/EC or any Community instrument replacing it).