Section 193 — Other defined terms in sections 188 to 191

(1) 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) a business which engages in the activity of accepting deposits, or (b) the National Savings Bank; “economic crime” means an act which— (a) constitutes an offence listed in Schedule 11 (“a listed offence”), (b) constitutes an attempt or conspiracy to commit a listed offence, (c) constitutes an offence— (i) 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 (ii) under the law of Scotland of inciting the commission of a listed offence, (d) constitutes aiding, abetting, counselling or procuring the commission of a listed offence, or (e) 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— (a) an enactment contained in subordinate legislation (as defined in section 21 of the Interpretation Act 1978); (b) an enactment contained in, or in an instrument made under, a Measure or Act of Senedd Cymru; (c) an enactment contained in, or in an instrument made under, an Act of the Scottish Parliament; (d) an enactment contained in, or in an instrument made under, Northern Ireland legislation; (e) 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).

(2) 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.

(3) The Secretary of State may, by regulations, add an offence to or remove an offence from the list in Schedule 11.