# The Money Laundering and Transfer of Funds (Information) (Amendment) (EU Exit) Regulations 2018, Regulation 15: Subject matter, scope and definitions


(1) In Article 1, for “Union” substitute “United Kingdom”.
(2) Article 2 is amended as follows—
(a) in paragraph 1, for “Union” substitute “United Kingdom”;
(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”;
(c) in paragraph 4(b), omit “within a Member State”;
(d) omit paragraph 5.
(3) Article 3 is amended as follows—
(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”;
(b) for point (2) (the definition of “money laundering”), substitute—
“(2) “money laundering” has the meaning given by section 340(11) of the Proceeds of Crime Act 2002;”;
(c) for point (5) (the definition of “payment service provider”), substitute—
“(5) “payment services provider” has the meaning given in regulation 2(1) of the Payment Services Regulations 2017;”;
(d) for point (7) (the definition of “payment account”), substitute—
“(7) “payment account” has the meaning given in regulation 2(1) of the Payment Services Regulations 2017;”;
(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”;
(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”;
(g) after point (12), insert—
“(13) “the 2017 Regulations” means the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.”.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111175477/regulation/15 (the official version)
Page: https://openlegislation.uk/draft-money-laundering-and-transfer-of-funds-information-amendment-eu-exit-regulations-2018/regulation-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.