Financial Investigations (Northern Ireland) Order 2001

Power to require specified information

5.  In paragraph 3 of Schedule 2 to the 1996 Order (power to require person to furnish specified information)—

(a) in sub-paragraph (1), for the words “the business of banking (“the bank”)” there shall be substituted the words “relevant financial business (“the respondent”)”;

(b) in sub-paragraph (2), for the words from “the bank held” to the words “(d) in the name of” there shall be substituted the words “a business relationship existed between the respondent and the specified person or”;

(c) for sub-paragraph (3) there shall be substituted the following sub-paragraph—

“(3) Where the respondent identifies a business relationship as mentioned in sub-paragraph (2), the respondent shall furnish to the investigator—

(a) the full name of the specified person;

(b) the most recent and all known previous addresses of the specified person;

(c) the date of birth (if known) of the specified person;

(d) any other evidence of identity of the specified person obtained in accordance with the Money Laundering Regulations 1993(1);

(e) the name of any company, firm or partnership in which it appears to the respondent that the specified person had an interest;

(f) any date on which a business relationship between the respondent and the specified person commenced or ceased; and

(g) all reference numbers or other means of identification allocated by the respondent to the specified person for the purposes of the business relationship.”;

(d) for sub-paragraph (5) there shall be substituted the following sub-paragraph—

“(5) In this paragraph—

“any person carrying on relevant financial business” includes any person who has carried on such business at any time during the period of 6 years ending on the date of the notice under sub-paragraph (1);

“business relationship” and “relevant financial business” have the same meanings as in the Money Laundering Regulations 1993.”.

(1)

S.I. 1993/1933.