S.I. No. 79/2014 - Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (Competent Authority) Regulations 2014.

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of 14th February, 2014.

I, ALAN SHATTER, Minister for Justice and Equality, in exercise of the powers conferred on me by sections 3 (1) and 60 (3) of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (No. 6 of 2010) (as adapted by the Justice and Law Reform (Alteration of Name of Department and Title of Minister) Order 2011 ( S.I. No. 138 of 2011 )), being satisfied as respects the matters referred to in section 60(3) of that Act and having consulted with the Minister for Finance, hereby make the following regulations:

1. These Regulations may be cited as the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (Competent Authority) Regulations 2014.

2. These Regulations come into operation on 3 March 2014.

3. In these Regulations “subsidiary” has the meaning assigned to it by section 155 of the Companies Act 1963 (No. 33 of 1963).

4. For the purposes of section 60 (1) of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (No. 6 of 2010), the Central Bank of Ireland is prescribed as a competent authority for the class of designated persons specified in the Schedule.

SCHEDULE

Trust or company service providers which—

(a) by virtue of section 25 (1)(e) of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (No. 6 of 2010) are designated persons, and

(b) are subsidiaries of a credit institution or a financial institution.

GIVEN under my Official Seal,

10 February 2014.

ALAN SHATTER,

Minister for Justice and Equality.