{
  "url": "https://openlegislation.uk/draft-money-laundering-and-transfer-of-funds-information-amendment-eu-exit-regulations-2018/regulation-15",
  "json_url": "https://openlegislation.uk/draft-money-laundering-and-transfer-of-funds-information-amendment-eu-exit-regulations-2018/regulation-15.json",
  "legislation": "ukdsi/2018/9780111175477",
  "legislation_title": "The Money Laundering and Transfer of Funds (Information) (Amendment) (EU Exit) Regulations 2018",
  "legislation_url": "https://openlegislation.uk/draft-money-laundering-and-transfer-of-funds-information-amendment-eu-exit-regulations-2018",
  "path": "regulation/15",
  "kind": "regulation",
  "number": "15",
  "heading": "Subject matter, scope and definitions",
  "text": "(1) In Article 1, for “Union” substitute “United Kingdom”.\n(2) Article 2 is amended as follows—\n(a) in paragraph 1, for “Union” substitute “United Kingdom”;\n(b) in paragraph 2, for “points (a) to (m) and (o) of Article 3 of Directive 2007/64/EC” substitute “sub-paragraphs (a) to (m) and (o) of paragraph 2 of Schedule 1 to the Payment Services Regulations 2017”;\n(c) in paragraph 4(b), omit “within a Member State”;\n(d) omit paragraph 5.\n(3) Article 3 is amended as follows—\n(a) in point (1) (the definition of “terrorist financing”), for “Article 1(5) of Directive (EU) 2015/849” substitute “regulation 3(1) of the 2017 Regulations”;\n(b) for point (2) (the definition of “money laundering”), substitute—\n“(2) “money laundering” has the meaning given by section 340(11) of the Proceeds of Crime Act 2002;”;\n(c) for point (5) (the definition of “payment service provider”), substitute—\n“(5) “payment services provider” has the meaning given in regulation 2(1) of the Payment Services Regulations 2017;”;\n(d) for point (7) (the definition of “payment account”), substitute—\n“(7) “payment account” has the meaning given in regulation 2(1) of the Payment Services Regulations 2017;”;\n(e) in point (8) (the definition of “funds”) for “point (15) of Article 4 of Directive 2007/64/EC” substitute “regulation 2(1) of the Payment Services Regulations 2017”;\n(f) in point (9) (the definition of “transfer of funds”), in point (c), for “point (13) of Article 4 of Directive 2007/64/EC” substitute “regulation 2(1) of the Payment Services Regulations 2017”;\n(g) after point (12), insert—\n“(13) “the 2017 Regulations” means the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 2017/752."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "2002 c. 29."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2018/9780111175477/regulation/15",
    "retrieved_at": "2026-10-30T15:03:07.804748+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}