Criminal Justice (Money Laundering and Terrorist Financing) Act 2010
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Requirement for designated persons to report transactions connected with places designated under section 32 . |
43.— (1) A designated person shall report to the Garda Síochána and Revenue Commissioners any service or transaction, that— | |
(a) the designated person provides or carries out in the course of carrying on business as a designated person, and | ||
(b) is connected with a place that is designated under section 32 . | ||
(2) A person who fails to comply with this section commits an offence and is liable— | ||
(a) on summary conviction, to a fine not exceeding €5,000 or imprisonment for a term not exceeding 12 months (or both), or | ||
(b) on conviction on indictment, to a fine or imprisonment for a term not exceeding 5 years (or both). |