SCHEDULES
SCHEDULE 2Money laundering and terrorist financing etc
Criminal offences: restrictions and relationship with civil penalties
I119
Regulations under section 49 may provide for the creation of a criminal offence only if the regulations also provide for either or both of the following in relation to the offence—
a
a mental element necessary for its commission;
b
a defence to it (for example, a defence grounded on a person's knowledge or belief, or a defence that a person took all reasonable steps and exercised all due diligence).