Page 771 - IOM Law Society Rules Book

c.13 Proceeds of Crime Act 2008 393

“account information”: section 187(5);

“account monitoring order”: section 187(7);

“appropriate officer”: section 195;

“customer information”: section 181;

“customer information order”: section 180(6);

“disclosure order”: section 174(4);

“document”: section 195;

“order to grant entry”: section 164(3);

“production order”: section 162(4);

“search and seizure warrant”: section 169(4).

(3) In the application of this Part, these expressions are to
be construed in accordance with the provisions of Part 3 —

“a business in the regulated sector”: section 142(17);

“financial institution”: section 149(6).

(4) A business is not in the regulated sector to the extent
that it engages in any activity prescribed by order made by the
Department of Home Affairs.

(5) But a person who for any reason ceases to carry on a
business in the regulated sector is to continue to be treated as a
financial institution for the purposes of any requirement under —

(a) a customer information order; or

(b) an account monitoring order,

to provide information which relates to a time when the person
was a financial institution.

(6) “Recovery order” and “interim receiving order” have
the same meanings as in Part 1.

(7) “Unlawful conduct” has the meaning given by section 2.

(8) References to notice in writing include references to
notice given by electronic means.

(9) This section and sections 196 to 198 apply for the
purposes of this Part.