The Money Laundering Regulations 1993

means a person seeking to form a business relationship, or carry out a one-off transaction, with a person who is carrying out relevant financial business in the United Kingdom;

means a credit institution, as defined in Article 1 of the First Council Directive on the coordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of credit institutions (77/780/EEC), which is authorised to carry on the business of a credit institution by a competent authority of a member state;

has the same meaning as in the Building Societies Act 1986;

means any arrangement between two or more persons where—

means a period of twelve months beginning on 31st December.

includes a person commissioned by the Commissioners of Customs and Excise;

means— a conduct which constitutes an offence to which this Part of this Act applies;

has the same meaning as in the Banking Act 1987;

means the european currency unit as defined in article 1 of Council Regulation No. 3180/78/EEC;

means the enactments referred to in regulation 2(3) above and the provisions of these Regulations;

has the same meaning as in Banking Coordination (Second Council Directive) Regulations 1992;

means long term business within the meaning of the Insurance Companies Act 1982;

means doing any act which constitutes an offence under— or, in the case of an act done otherwise than in England and Wales, Scotland or, as the case may be, Northern Ireland would constitute such an offence if done in England and Wales, Scotland or Northern Ireland.

means any transaction other than a transaction carried out in the course of an established business relationship formed by a person acting in the course of relevant financial business;

means an account from which a payment may be made by any means to a person other than the applicant for business, whether such a payment— (a) may be made directly to such a person from the account by or on behalf of the applicant for business;

means, subject to paragraph (2) below, the business of engaging in one or more of the following—

has the meaning given by regulation 15 below.

means guidance issued, adopted or approved by a supervisory authority.

means the First Council Directive on the coordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of direct life assurance (No. 79/267/EEC);

means the Council Directive on prevention of the use of the financial system for the purpose of money laundering (No. 91/308/EEC);

means the Second Council Directive on the coordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of credit institutions (No. 89/646/EEC).