Criminal Justice (Money Laundering and Terrorist Financing) Act 2010
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Designation of places having inadequate procedures for detection of money laundering or terrorist financing. |
32.— (1) The Minister may, after consultation with the Minister for Finance, by order designate a place that is not a Member State, for the purposes of sections 34 (3), 36 (2) and 43 , if the Minister is satisfied that the place does not have adequate procedures in place for the detection of money laundering or terrorist financing. | |
(2) A place that is the subject of a decision adopted by the European Commission and in force, under Articles 40(4) and 41(2) of the Third Money Laundering Directive is taken to have been designated under this section. |