(1) This Part applies in relation to -
(a) the commission or suspected commission by a credit union of a contravention of -
(i) a provision of Part 4 of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010,
(ii) any direction given to the credit union under a provision of Part 4 of that Act,
(iii) any condition or requirement imposed on the credit union under a provision of Part 4 of that Act or under any direction given to the credit union under a provision of that Part, or
(iv) any obligation imposed on the credit union by this Part or imposed by the Bank pursuant to a power exercised under this Part,
and
(b) participation, by a person concerned in the management of a credit union, in the commission by the credit union of such a contravention.
(2) For those purposes -
(a) a reference in this Part to a regulated financial service provider includes a reference to a credit union,
(b) a reference in this Part to a prescribed contravention includes a reference to