Section 55 of the Act of 2010 is amended -

(a) in subsection (1)(b), by the substitution of "correspondent relationship" for "correspondent banking relationship",

(b) in subsection (4) (amended by section 12(a) of the Act of 2013), by the substitution of "Subject to subsections (4A), (4B) and (4C), the documents and other records" for "The documents and other records",

(c) in subsection (4)(b), by the substitution of "correspondent relationship" for "correspondent banking relationship",

(d) by the insertion after subsection (4), of the following subsections:

"(4A) Where a member of the Garda Síochána not below the rank of Sergeant having carried out a thorough assessment of the necessity and proportionality of further retention is satisfied -

(a) that certain documents or records, or documents or records relating to a certain business relationship or occasional transaction, are required for the purposes of an investigation related to money laundering or terrorist financing, or