Subsidiary Legislation · As enacted · 4 parts
Anti-Terrorism (Terrorist Financing) Regulations, 2013
Part I
Official textFrom Attorney General's Chambers, unchanged
s 1These Regulations may be cited as the Anti-Terrorism (Terrorist Financing)
Regulations, 2013 and shall commence on the same date as the Anti-Terrorism
[Amendment) (No. 2) Order, 2012.
Interpretation.
s 2In these Regulations, unless the context otherwise requires 385
"competent authority" means the authority determined by the Government, to perform the duty referred to, and for the purposes of, regulations 12(1)
and 14{a);
"designation"
means a designation made by the
Minister under regulation 6(1) or 7(1L as the case may be;
"financial services" means any service of a financial nature and includes-
{a) insurance-related services consisting of
direct life assurance;
direct insurance other than life assurance;
reinsurance and retrocession;
insurance intermediation, such as brokerage and agency;
services auxiliary to insurance such as consultancy, actuarial, risk assessment and claim settlement services;
{b)
banking and other financial services consisting of
accepting deposits and other repayable funds;
lending including consumer credit, mortgage credit, factoring and financing of commercial transactions;
financialleasing;
payment and money transmission services including credit, charge and debit cards, travellers' cheques and bankers'
drafts;
providing guarantees or commitments;
financial trading;
participating in issues of any kind of securities including underwriting and placement as an agent, whether publicly or privately, and providing services related to such issues;
money brokering;
asset management, such as cash or portfolio management, all forms of collective investment management, pension fund management, custodial, depository and trust services;
settlement and clearing services for financial assets including securities, derivative products and other negotiable instruments;
providing or transferring financial information, and financial data processing or related software (but only by suppliers of other financial services);
providing advisory and other auxiliary financial services in respect of any activity listed in sub-paragraphs (i) to (xi)
including credit reference and analysis, investment and portfolio research and advice, advice on acquisitions and on corporate restructuring and strategy;
.. financial trading" means trading for own account or for account of customers, whether on an investment exchange, in an over-the-counter market or otherwise, in-
{a}
money market instruments including cheques, bills and certificates of deposit;
foreign exchange;
386
{c}
derivative products including futures and options;
fdJ exchange rate and interest rate instruments including products such as swaps and forward rate agreements;
{e)
transferable securities;
{fJ other negotiable instruments and financial assets including bullion;
"freeze" means to prohibit the transfer, conversion, disposition or movement of property and includes the prevention of the use, alteration, movement, transfer, selling, hiring, mortgaging and access;
"freezable property" means property that is owned or controlled by a designated person;
"frozen account" means an account with a relevant institution which is held or controlled, directly or indirectly, by a designated person;
"List" means the Al-Qaida Sanctions List or the 1988 Sanctions List, as the case may be;
"Resolution 1452" means Resolution 1452 (2002) of the United Nations
Security Council adopted on 20th December 2002;
"Resolution 1730" means Resolution 1730 (2006) of the United Nations
Security Council adopted on 19th December 2006;
"Resolution 1735" means Resolution 1735 (2006) of the United Nations
Security Council adopted on 22nd December 2006;
"Resolution 1904" means Resolution 1904 (2009) of the United Nations
Security Council adopted on 17th December 2009;
"United Nations Security Council Sanctions Committee" means the Al-Qaida
Sanctions Committee established by Resolution 1267 and Resolution 1989 or the 1988 Sanctions Committee established by Resolution 1988, as the case may be.