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Version status: Published
Version date: 30 April 2018 - onwards

3. Amendment of section 2 of Act of 2010

This format of the bill is taken from the text of stage 1 published on 26 April 2018 by Dáil Éireann

Section 2 of the Act of 2010 is amended -

(a) in subsection (1) -

(i) by the deletion of the definition of "Implementing Directive", and

(ii) by the insertion of the following definition before the definition of "Minister":

"'Fourth Money Laundering Directive' means Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 [OJ No. L 141, 5.6.2015, p. 73] on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Regulation (EU) No 648/2012 of the European Parliament and of the Council, and repealing Directive 2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC;",

and

(b) by the substitution of the following subsection for subsection (2):

"(2) A word or expression used in this Act and also used in the Fourth Money Laundering Directive has, unless the contrary intention appears, the same meaning in this Act as in that Directive.".