Criminal Justice (Money Laundering and Terrorist Financing) Act 2010

Meaning of “State competent authority”.

62.— (1) In this Part, a reference to a State competent authority is a reference to one of the following competent authorities:

(a) the Central Bank and Financial Services Authority of Ireland;

(b) the Minister;

(c) such other competent authority as is prescribed.

(2) The Minister may prescribe a competent authority as a State competent authority for the purposes of subsection (1) (c) only if—

(a) the Minister is satisfied that the competent authority is appropriate, having regard to the functions of State competent authorities under this Part, and

(b) the competent authority is a Minister of the Government or an officer of a particular class or description of a Department of State or is a body (not being a company) by or under an enactment.