Part 4 of the Act of 2010 is amended by the insertion of the following Chapter after Chapter 3:

"Chapter 3A

40A. State Financial Intelligence Unit

(1) FIU Ireland may carry out, on behalf of the State, all the functions of an EU Financial Intelligence Unit (FIU) under the Fourth Money Laundering Directive.

(2) In this Part "FIU Ireland" means those members of the Garda Síochána, or members of the civilian staff of the Garda Síochána, appointed by the Commissioner of the Garda Síochána in that behalf.

40B. Powers of FIU Ireland to receive and analyse information

(1) FIU Ireland shall be responsible for receiving and analysing suspicious transaction reports and other information relevant to money laundering or terrorist financing for the purpose of preventing, detecting and investigating possible money laundering or terrorist financing.

(2) FIU Ireland's analysis function shall consist of conducting -

(a) an operational analysis which focuses on individual cases and specific targets or on appropriate selected information depending on the type and volume of the disclosures received and the expected use of the information after dissemination, and

(b) a strategic analysis addressing money laundering and terrorist financing trends and patterns.