(1) In these Regulations -
"the Bank" means the Central Bank of Ireland;
"competent authority", in relation to any other Member State means the body or bodies charged by law in the Member State with the supervision of payment institutions;
"court" means the High Court;
"electronic money" has the same meaning as in the European Communities (Electronic Money) Regulations 2002 (S.I. No. 221 of 2002);
"Member State" means a Member State of the European Communities and includes a contracting party to the Agreement on the European Economic Area signed at Oporto on 2 May 1992 [OJ. L 1, 3 January 1994, p. 3.] (as adjusted by the Protocol signed at Brussels on 17 March 1993 [OJ. L 1, 3 January 1994, p. 572.]), as amended from time to time;
"micro enterprise" has the meaning given by Commission Recommendation 2003/361/EC of 6 May 2003 [OJ L 124, 20 May 2003, p. 36–41.] concerning the definition of micro, small and medium-sized enterprises;
"money-laundering" means: (a) the conversi