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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 26 November 2018 - onwards
  Version 3 of 3    

56. Measures for retrieval of information relating to business relationships.

(1) A designated person shall have systems in place to enable it to respond fully and promptly to enquiries from the Garda Síochána -

(a) as to whether or not it has, or has had, a business relationship, within the previous 5 years, with a person specified by the Garda Síochána, and

(b) the nature of any such relationship with that person.

(2) A designated person who fails to comply with this section commits an offence and is liable -

(a) on summary conviction, to a fine not exceeding €5,000 or imprisonment for a term not exceeding 12 months (or both), or

(b) on conviction on indictment, to a fine or imprisonment for a term not exceeding 5 years (or both).