Criminal Justice (Money Laundering and Terrorist Financing) Act 2010
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Agreements between competent authorities where more than one applicable. |
61.— (1) Where there is more than one competent authority for a designated person under section 60 , those competent authorities may agree that one of them will act as the competent authority for that person, and references in this Part to a competent authority are to be construed accordingly. | |
(2) An agreement under this section, in relation to a designated person, takes effect when the competent authority who has agreed to act as the competent authority for the designated person gives notice, in writing, to that person. | ||
(3) An agreement under this section, in relation to a designated person, ceases to have effect when— | ||
(a) any of the parties to the agreement gives notice, in writing, to the other parties of the termination of the agreement, | ||
(b) the agreement expires, or | ||
(c) as a result of the operation of section 60 (1), the competent authority who has agreed to act as the competent authority is no longer a competent authority of the person under section 60 , | ||
whichever is the earliest. |