Criminal Justice (Money Laundering and Terrorist Financing) Act 2010

F269[Remittal for reconsideration

109W

109W.— (1) Where an appropriate court remits an administrative sanction under section 109ZB(7)(b)(iv), or on the remittal of an administrative sanction only by an appropriate court under section 109ZB(7)(c)(iv) or the Circuit Court under section 109ZC(7)(d), an adjudication officer shall reconsider the administrative sanction and may, following such reconsideration in accordance with any directions of the court concerned, impose a different administrative sanction or no administrative sanction.

(2) Where an appropriate court or the Circuit Court remits both the decision as to breach and the administrative sanction under section 109ZB(7)(c)(iv) or 109ZC(7)(d), as the case may be, an adjudication officer shall reconsider both the decision and sanction concerned and may, following such reconsideration in accordance with any directions of the court concerned–

(a) set aside the decision as to breach and the sanction concerned, or

(b) confirm the decision as to breach and either confirm the sanction or impose a different administrative sanction or no administrative sanction.

(3) An adjudication officer shall, as soon as practicable after he or she has made a decision under subsection (1) or (2), as the case may be, notify the Minister and the relevant provider in writing of the decision, the reasons for the decision and specify the date from which the decision shall take effect.]

Annotations

Amendments:

F269

Inserted (30.06.2026) by European Union (Money Laundering and Terrorist Financing) (Administrative Sanctions) Regulations 2026 (S.I. No. 307 of 2026), reg. 5, in operation as per reg. 2.