Criminal Justice (Money Laundering and Terrorist Financing) Act 2010

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).