Criminal Justice (Money Laundering and Terrorist Financing) Act 2010

62.

Meaning of “State competent authority”.

62.— (1) In this Part, a reference to a State competent authority is a reference to one of the following competent authorities:

( a) the F84 [ Central Bank of Ireland ];

( b) the Minister;

( c) such other competent authority as is prescribed.

(2) The Minister may prescribe a competent authority as a State competent authority for the purposes of subsection (1) (c) only if—

( a) the Minister is satisfied that the competent authority is appropriate, having regard to the functions of State competent authorities under this Part, and

( b) the competent authority is a Minister of the Government or an officer of a particular class or description of a Department of State or is a body (not being a company) by or under an enactment.

Annotations:

Amendments:

F84

Substituted (1.10.2010) by Central Bank Reform Act 2010 (23/2010), s. 15(14) and sch. 2 part 14 par. 33, S.I. No. 469 of 2010.

F85

Inserted by Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2018 (26/2018), s. 32, not commenced as of date of revision.

Modifications (not altering text):

C6

Prospective affecting provision: subs. (1)(aa) inserted by Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2018 (26/2018), s. 32, not commenced as of date of revision.

F85 [ ( aa ) the Legal Services Regulatory Authority; ]

Editorial Notes:

E37

Power pursuant to subs. (2) exercised (1.09.2016) by Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (Competent Authority and State Competent Authority) Regulations 2016 (S.I. No. 453 of 2016), in effect as per reg. 2.