Section 3 of the Act of 1994 is amended -
(a) by the insertion of the following definitions after the definition of "the Act of 1890":
"‘Act of 2010’ means the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010;
‘alternative foreign name’ shall be construed in accordance with section 8(4B);",
(b) by the insertion of the following definitions after the definition of "the Bank":
"‘beneficial owner’, in relation to an investment limited partnership, means any individual who -
(a) ultimately is entitled to or controls, whether the entitlement or control is direct or indirect, more than a 25 per cent share of the capital or profits of the partnership or more than 25 per cent of the voting rights in the partnership, or
(b) otherwise controls the partnership;
‘beneficial ownership register’ shall be construed in accordance with section 46(1);
‘central register’ shall be construed in accordance with section 50(1);
‘competent authority’ means a competen
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