PART 2Anti-money laundering

I149Money laundering and terrorist financing etc

1

An appropriate Minister may by regulations make provision for one or more of the following purposes—

a

enabling or facilitating the detection or investigation of money laundering, or preventing money laundering;

b

enabling or facilitating the detection or investigation of terrorist financing, or preventing terrorist financing;

c

the implementation of Standards published by the Financial Action Task Force from time to time relating to combating threats to the integrity of the international financial system.

2

Schedule 2 makes further provision about regulations under this section.

3

In this Part—

  • “money laundering” has the meaning given by section 340(11) of the Proceeds of Crime Act 2002;

  • “terrorist financing” means an act which constitutes an offence under—

    1. a

      section 15 (fund-raising), 16 (use and possession), 17 (funding arrangements), 18 (money laundering) or 63 (terrorist finance: jurisdiction) of the Terrorism Act 2000,

    2. b

      paragraph 7(2) or (3) of Schedule 3 (freezing orders: offences) to the Anti-terrorism, Crime and Security Act 2001,

    3. ba

      F1any of regulations 8 to 13 of the ISIL (Da'esh) and Al-Qaida (United Nations Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/466),

    4. c

      F2any of regulations 11 to 16 of the Counter-Terrorism (International Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/573), or

    5. ca

      F3any of regulations 11 to 16 of the Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/577).

    6. d

      F4...