Terrorist Asset-Freezing etc. Act 2010

Part 2 Terrorist financing, money laundering etc.

Amendment relating to section 48: branches

9 In paragraph 46 of Schedule 7 to the Counter-Terrorism Act 2008 (terrorist financing and money laundering etc: index of defined expressions), in the table—

(a) in the entry for “credit institution”, after “5(1)” insert “and (3)”, and

(b) in the entry for “financial institution”, after “5(2)” insert “and (3)”.

Amendments relating to section 50: circumvention

10 (1) In paragraph 26(1) of Schedule 7 to the Counter-Terrorism Act 2008 (imposition of penalty by HMRC) after “25” insert “or 25A”.

(2) In paragraph 27 of that Schedule (imposition of penalty by other enforcement authority)—

(a) in sub-paragraph (1) after “25” insert “or 25A”, and

(b) in sub-paragraph (3) after “25” insert “or (as the case may be) 25A”.

(3) In paragraph 29(1) of that Schedule (payment and recovery of civil penalties) after “25” insert “or 25A”.

(4) In paragraph 41(2) of that Schedule (application of civil penalties by Financial Services Authority) after “25” insert “or 25A”.

Amendments relating to section 51: Northern Ireland credit unions

11 (1) In paragraph 18(2) of Schedule 7 to the Counter-Terrorism Act 2008 (definition of “enforcement officer”) omit paragraph (d) (but not the word “or” at the end of the paragraph).

(2) In paragraph 18(3)(b) of that Schedule (definition of “local enforcement officer” in Northern Ireland) for “DETINI” substitute “the Department of Enterprise, Trade and Investment in Northern Ireland (“DETINI”)”.

(3) In paragraph 27(1) of that Schedule (imposition of penalty by enforcement authority) for “, the OFT or DETINI” substitute “or the OFT”.

(4) In paragraph 28 of that Schedule (appeal against imposition of certain civil penalties)—

(a) omit sub-paragraph (2), and

(b) in sub-paragraph (3) omit “or court”.

(5) In paragraph 46 of that Schedule (index of defined expressions), in the entry for DETINI, for “paragraph 18(1)(d)” substitute “paragraph 18(3)(b)”.