Money Laundering and Proceeds of Crime Act Act No. 4/2013 “defendant” means a person suspected of or charged with a serious offence whether or not he or she has been convicted of the offence; “designated non-financial business or profession” has the meaning given to this in section 13; “directive” means a directive issued in terms of section 3; “document” means a record of information kept in any form; “financial institution” means any person who conducts as a business one or more of the following activities for or on behalf of a customer— (a) acceptance of deposits and other repayable funds from the public, including private banking; (b) lending, including, but not limited to, consumer credit, mortgage credit, factoring (with or without recourse), and financing of commercial transactions, including forfeiting; (c) financial leasing other than with respect to arrangements relating to consumer products; (d) the transfer of money or value; (e) issuing and managing means of payment, including, but not limited to, credit and debit cards, travellers’ cheques, money orders and bankers’ drafts, and electronic money; (f) issuing financial guarantees and commitments; (g) trading in— (i) money market instruments, including, but not limited to, cheques, bills, certificates of deposit and derivatives; or (ii) foreign exchange; or (iii) exchange, interest rate and index instruments; or (iv) transferable securities; or (v) commodity futures trading; (h) participation in securities issues and the provision of financial services related to such issues; (i) individual and collective portfolio management; (j) safekeeping and administration of cash or liquid securities on behalf of other persons; (k) investing, administering or managing funds or money on behalf of other persons; (l) underwriting and placement of life insurance and other investment-related insurance, including insurance intermediation by agents and brokers; (m) money and currency changing; (n) the provision— A. or transfer of ownership, of a life insurance policy or the provision of reinsurance in respect of any such policy B. of investment-related insurance services; or C. of services as or by means of insurance underwriters, insurance agents or insurance brokers; and, without derogating from the generality of the foregoing, includes any of the financial institutions or classes of financial institution listed in Part I of the First Schedule; -8-