The Terrorism Act 2000 and Proceeds of Crime Act 2002 (Business in the Regulated Sector) (No.2) Order 2012
| Jurisdiction | UK Non-devolved |
2012 No. 2299
Prevention And Suppression Of Terrorism
Proceeds Of Crime
The Terrorism Act 2000 and Proceeds of Crime Act 2002 (Business in the Regulated Sector) (No.2) Order 2012
Made 6th September 2012
Laid before Parliament 10th September 2012
Coming into force 1st October 2012
The Treasury make the following Order in exercise of the powers conferred on them by paragraph 5 of Schedule 3A to the Terrorism Act 20001and paragraph 5 of Schedule 9 to the Proceeds of Crime Act 20022.
Citation and commencement
1. This Order may be cited as the Terrorism Act 2000 and Proceeds of Crime Act 2002 (Business in the Regulated Sector) (No.2) Order 2012 and comes into force on 1st October 2012.
Amendment of Schedule 3A to the Terrorism Act 2000
2. In paragraph 1 of Schedule 3A to the Terrorism Act 20003(business in the regulated sector)—
(a) in sub-paragraph (1)(p), omit “(within the meaning given by section 1 of the Estate Agents Act 1979 (estate agency work))”4;
(b) after sub-paragraph (6) insert—
“6A For the purposes of sub-paragraph (1)(p) “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include references to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest.”.
Amendment of Schedule 9 to the Proceeds of Crime Act 2002
3. In paragraph 1 of Schedule 9 to the Proceeds of Crime Act 20025(business in the regulated sector)—
(a) in sub-paragraph (1)(p), omit “(within the meaning given by section 1 of the Estate Agents Act 1979 (estate agency work))”;
(b) after sub-paragraph (6) insert—
“6A For the purposes of sub-paragraph (1)(p) “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include references to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest.”.
Review
4.—(1) The Treasury must from time to time—
(a)
(a) carry out a review of Schedule 3A to the Terrorism Act 2000 and Schedule 9 to the Proceeds of Crime Act 2002 as amended respectively by articles 2 and 3,
(b)
(b) set out the conclusions of the review in a report, and
(c)
(c) publish the report.
(2) In carrying out the review the Treasury must, so far as is reasonable, have regard to how Directive 2005/60/EC6of the European Parliament and of the Council on the protection of the use of the financial system for the purpose of money laundering and terrorist financing (which is implemented in part by Part 3 of the Terrorism Act 2000 and Part 7 of the Proceeds of Crime Act 2002) is implemented in other member States.
(3) The report must in particular—
(a)
(a) set out the objectives intended to be achieved by Schedule 3A to the Terrorism Act 2000 and Schedule 9 to the Proceeds of Crime Act as amended by articles 2 and 3,
(b)
(b) assess...
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