Criminal Justice (Money Laundering and Terrorist Financing) Act 2010

Interpretation.

2.— (1) In this Act—

“Implementing Directive” means Commission Directive 2006/70/EC of 1 August 2006 laying down implementing measures for Directive 2005/60/EC of the European Parliament and of the Council as regards the definition of ‘‘politically exposed person’’ and the technical criteria for simplified customer due diligence procedures and for exemption on grounds of a financial activity conducted on an occasional or very limited basis 1 ;

“Minister” means the Minister for Justice, Equality and Law Reform;

“money laundering” means an offence under Part 2 ;

“prescribed” means prescribed by the Minister by regulations made under this Act;

“property” means all real or personal property, whether or not heritable or moveable, and includes money and choses in action and any other intangible or incorporeal property;

“terrorist financing” means an offence under section 13 of the Criminal Justice (Terrorist Offences) Act 2005 ;

“Third Money Laundering Directive ” means Directive 2005/60/EC of the European Parliament and of the Council of 26 October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing 2 , as amended by the following:

(a) Directive 2007/64/EC of the European Parliament and of the Council of 13 November 2007 on payment services in the internal market amending Directives 97/7/EC, 2002/65/EC, 2005/60/EC and 2006/48/EC and repealing Directive 97/5/EC 3 ;

(b) Directive 2009/110/EC of the European Parliament and of the Council of 16 September 2009 on the taking up, pursuit and prudential supervision of the business of electronic money institutions amending Directives 2005/60/EC and 2006/48/EC and repealing Directive 2000/46/EC 4 .

(2) A word or expression used in this Act and also in the Third Money Laundering Directive or the Implementing Directive has, unless the contrary intention appears, the same meaning in this Act as in that Directive.

1 OJ L 214, 4.8.2006, p. 29

2 OJ L 309, 25.11.2005, p.15

3 OJ L 319, 5.12.2007, p.1

4 OJ L 267, 10.10.2009, p.7