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Meaning of “fit and proper person”.
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85.— For the purposes of this Chapter, a person is not a fit and proper person if any of the following apply:
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(a) the person has been convicted of any of the following offences:
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(i) money laundering;
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(ii) terrorist financing;
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(iii) an offence involving fraud, dishonesty or breach of trust;
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(iv) an offence in respect of conduct in a place other than the State that would constitute an offence of a kind referred to in subparagraph (i), (ii) or (iii) if the conduct occurred in the State;
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(b) in a case where the person is an individual, the person is under 18 years of age;
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(c) the person—
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(i) has suspended payments due to the person’s creditors,
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(ii) is unable to meet other obligations to the person’s creditors, or
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(iii) is an individual who is an undischarged bankrupt;
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(d) the person is otherwise not a fit and proper person.
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