Schedule 12 Forfeiture of money: electronic money institutions and payment institutions
Anti-terrorism, Crime and Security Act 2001 (c. 24)
1 Schedule 1 to the Anti-terrorism, Crime and Security Act 2001 (forfeiture of terrorist property) is amended as follows.
2 Part 4B (forfeiture of terrorist money held in bank and building society accounts) is amended in accordance with paragraphs 3 to 8.
3 In the Part heading, for "bank and building society" substitute "certain".
(1) Paragraph 10Q (application for account freezing order) is amended as follows.
(2) In sub-paragraph (1), for "bank or building society" substitute "relevant financial institution".
(3) After that sub-paragraph insert -
"(1A) In this Part of this Schedule, "relevant financial institution" means -
(a) a bank,
(b) a building society,
(c) an electronic money institution, or
(d) a payment institution."
(4) In sub-paragraph (7), at the appropriate places insert -