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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 28 June 2022 - onwards
Version 4 of 4

Schedule 12 Forfeiture of money: electronic money institutions and payment institutions

Section 33

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".

4

(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 -