Section 303Z7: "Bank"

Proceeds of Crime Act 2002 · 2002 c. 29View on legislation.gov.uk

Part 5: Civil recovery of the proceeds etc. of unlawful conduct — CHAPTER 3B: Forfeiture of money held in certain accounts

"Bank" means an authorised deposit-taker, other than a building society, that has its head office or a branch in the United Kingdom.

In subsection (1), "authorised deposit-taker" means—

a person who has permission under Part 4A of the Financial Services and Markets Act 2000 to accept deposits;
a person who—
is specified, or is within a class of persons specified, by an order under section 38 of that Act (exemption orders), and
accepts deposits;
an EEA firm of the kind mentioned in paragraph 5(b) of Schedule 3 to that Act that has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12(1) of that Schedule) to accept deposits.

A reference in subsection (2) to a person or firm with permission to accept deposits does not include a person or firm with permission to do so only for the purposes of, or in the course of, an activity other than accepting deposits.

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Reuse reviewed 21 August 2026 under Open Government Licence v3.0.