Page 801 - IOM Law Society Rules Book

c.13 Proceeds of Crime Act 2008 423

Section 219 SCHEDULE 5

AMENDMENTS TO CUSTOMS AND EXCISE MANAGEMENT ACT 1986

Immediately after section 76 of the Customs and Excise Management Act 1986 [c.34]
insert the following Part —

“PART VA

IMPORTATION AND EXPORTATION OF CASH

Interpretation 76A. (1) In this Part, unless a contrary intention appears —
of Part VA
“cash” means —

(a) notes and coins in any currency;

(b) postal orders;

(c) cheques of any kind, including travellers’ cheques;

(d) bankers’ drafts;

(e) bearer bonds and bearer shares;

(f) a monetary instrument of a type prescribed under subsection
(3);

(g) a forged or counterfeit version of any instrument or currency
mentioned in sub-paragraph (a) to (f) of this definition;

“declaration” means a declaration a person is required to make
under section 76C(1);

“disclosure” means a disclosure a person is required to make
under section 76B or section 76C(3) and includes any
answer the person gives to a question asked by an officer
under this Part;

“export” and “import” includes removals from or to the Island;

“money laundering” has the same meaning as in the Proceeds of
Crime Act 2008;

“prescribed amount”, in respect of cash that is being imported
or exported, means —

(a) Euros 10,000 (or its equivalent in any other currency); or
(b) any other amount prescribed under paragraph (3);

“property obtained through unlawful conduct” has the same
meaning as in the Proceeds of Crime Act 2008;

“terrorism” has the same meaning as in the Anti-Terrorism and
Crime Act 2003; [c.6]