Section 193

In sections 188 to 191— “cryptoasset exchange provider” has the meaning given by paragraph 1(12)(a) of Schedule 9 to the Proceeds of Crime Act 2002; “custodial wallet provider” has the meaning given by paragraph 1(12)(b) of Schedule 9 to the Proceeds of Crime Act 2002; “customer due diligence measures” has the meaning given by regulation 3(1) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (S.I. 2017/692); “the data protection legislation” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act); “deposit-taking body” means— a business which engages in the activity of accepting deposits, or the National Savings Bank; “economic crime” means an act which— constitutes an offence listed in Schedule 11 (“a listed offence”), constitutes an attempt or conspiracy to commit a listed offence, constitutes an offence— under Part 2 of the Serious Crime Act 2007 (England and Wales and Northern Ireland: encouraging or assisting crime) in relation to a listed offence, or under the law of Scotland of inciting the commission of a listed offence, constitutes aiding, abetting, counselling or procuring the commission of a listed offence, or would constitute a listed offence or an offence specified in paragraph (b), (c) or (d) if done in the United Kingdom; “electronic money institution” has the same meaning as in the Electronic Money Regulations 2011 (S.I. 2011/99) (see regulation 2 of those Regulations); “enactment” includes— an enactment contained in subordinate legislation (as defined in section 21 of the Interpretation Act 1978); an enactment contained in, or in an instrument made under, a Measure or Act of Senedd Cymru; an enactment contained in, or in an instrument made under, an Act of the Scottish Parliament; an enactment contained in, or in an instrument made under, Northern Ireland legislation; any retained direct EU legislation; “financial year” means a period of 12 months ending with 31 March; “payment institution” means an authorised payment institution or small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (S.I. 2017/752)); “personal data” and “processing” have the same meaning as in the Data Protection Act 2018 (see section 3 of that Act); “regulated sector”: see subsection (2); “the UK GDPR” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act). Part 1 of Schedule 9 to the Proceeds of Crime Act 2002 has effect for the purpose of determining what is a business in the regulated sector. The Secretary of State may, by regulations, add an offence to or remove an offence from the list in Schedule 11.

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Source: legislation.gov.uk · retrieved 2026-09-04