Criminal Justice (Money Laundering and Terrorist Financing) Act 2010
Amendment of Central Bank Act 1942. |
114.— (1) In this section, “Act of 1942” means the Central Bank Act 1942 . | ||||
(2) Section 33AK(5) (inserted by section 26 of the Central Bank and Financial Services Authority of Ireland Act 2003 ) of the Act of 1942 is amended by deleting paragraph (n). | |||||
(3) The Act of 1942 is amended by inserting the following after section 33AN (inserted by section 10 of the Central Bank and Financial Services Authority of Ireland Act 2004 ): | |||||
“Application of Part to credit unions. | |||||
33ANA.— (1) This Part applies in relation to— | |||||
(a) the commission or suspected commission by a credit union of a contravention of— | |||||
(i) a provision of Part 4 of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010, | |||||
(ii) any direction given to the credit union under a provision of Part 4 of that Act, | |||||
(iii) any condition or requirement imposed on the credit union under a provision of Part 4 of that Act or under any direction given to the credit union under a provision of that Part, or | |||||
(iv) any obligation imposed on the credit union by this Part or imposed by the Regulatory Authority pursuant to a power exercised under this Part, | |||||
and | |||||
(b) participation, by a person concerned in the management of a credit union, in the commission by the credit union of such a contravention. | |||||
(2) For those purposes— | |||||
(a) a reference in this Part to a regulated financial service provider includes a reference to a credit union, | |||||
(b) a reference in this Part to a prescribed contravention includes a reference to a contravention, by a credit union, of a provision, direction, condition, requirement or obligation referred to in subsection (1), and | |||||
(c) a reference in this Part to a person concerned in the management of a regulated financial service provider includes a reference to a person concerned in the management of a credit union. | |||||
(3) Nothing in this section limits the application of this Part in relation to matters other than those referred to in subsection (1). | |||||
(4) This section has effect notwithstanding anything to the contrary in section 184 of the Credit Union Act 1997 .”. | |||||
(4) Schedule 2 (substituted by section 31 of the Central Bank and Financial Services Authority of Ireland Act 2003 ) to the Act of 1942 is amended in Part 1 by inserting the following at the end of the Part: | |||||
“ | |||||
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”. |