Criminal Justice (Money Laundering and Terrorist Financing) Act 2010

F270[Notice of administrative sanction

109X

109X.— (1) An adjudication officer shall, as soon as practicable after he or she imposes an administrative sanction under section 109U(12), send the Minister a notice of the administrative sanction concerned including, where the administrative sanction is a financial penalty, the amount of the financial penalty being imposed and where the sanction is a daily penalty payment, the amount of the daily penalty payment being imposed.

(2) The Minister shall send a copy of the notice of the administrative sanction referred to in subsection (1) to the relevant provider within 7 days of receipt of the notice and shall, at the same time, by notice in writing state that–

(a) the relevant provider is required to comply with the relevant obligation in respect of which the decision as to breach and that sanction relate,

(b) the relevant provider is entitled to appeal, in accordance with section 109ZB, against the decision as to breach and the administrative sanction or against the administrative sanction only and state the period within which such an appeal may be made in accordance with that section, and

(c) where the relevant provider does not make an appeal under section 109ZB, the Minister shall, as soon as practicable after the expiration of the period for making the appeal under that section, make an application under section 109ZC in a summary manner for confirmation of the decision as to breach and the administrative sanction.

(3) The Minister shall, in accordance with subsection (2)(c), where no appeal is made by the relevant provider under section 109ZB within the period allowed for making the appeal, apply to the Circuit Court under section 109ZC for confirmation of the decision as to breach and the administrative sanction.]

Annotations

Amendments:

F270

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.