60. Meaning of "competent authority". | Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (No. 6) | Better Regulation

AI Summary of 60. Meaning of "competent authority".

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Version status: In force | Document consolidation status: Updated to reflect all known changes

Version date: 23 April 2021 - onwards

60. Meaning of "competent authority".

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Amendments (requiring commencement) by s. 230 of the Gambling Regulation Act 2024 (No. 35), published 23 October 2024.

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(1) Subject to section 61, a reference in this Part to the competent authority for a designated person is a reference to the competent authority prescribed for the class of designated persons to which the designated person belongs.

(2) If no such competent authority is prescribed, a reference in this Part to the competent authority is a reference to the following:

(a) in the case of a designated person that is a credit institution or a financial institution, the Central Bank of Ireland;

(b) in the case of a designated person who is an auditor, external accountant, tax adviser or trust or company service provider -

(i) if the person is a member of a designated accountancy body, the designated accountancy body, or

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