(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.
"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 - (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, (b) paragraph 7(2) or (3) of Schedul
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