PART 2Amendment of Primary Legislation, Scottish Legislation and Northern Ireland Legislation

Proceeds of Crime Act 20025

1

Schedule 9 to the Proceeds of Crime Act 200211 is amended as follows.

2

In paragraph 1(1)(b)12 (business in the regulated sector), for “Annex 1 to the Capital Requirements Directive”, in both places where it appears, substitute “Schedule 2 to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017”.

3

In paragraph 313 (interpretation)—

a

in sub-paragraph (1), omit the definition of “the Capital Requirements Directive”;

b

in sub-paragraph (3)—

i

omit “, the Capital Requirements Directive”;

ii

for “those Directives” substitute “that Directive”.