Regulation 17 Financial messaging servicesI1I2

A person (“P”) must not provide specialised financial messaging services to a designated person if P knows or has reasonable cause to suspect that P is providing such services to a designated person.

Paragraph (1) is subject to Part 6 (Exceptions and licences).

A person who contravenes the prohibition in paragraph (1) commits an offence.

In paragraph (1), “specialised financial messaging services” means specialised services enabling credit or financial institutions to electronically transmit messages effecting financial transactions or containing information about financial transactions.