Chapter 3A of Part 33 of the Principal Act is amended -

(a) in section 817RA(1), by the insertion of the following definitions:

"'authorised officer' means an officer of the Revenue Commissioners authorised under section 817RE;

'authorised DAC officer' means an authorised officer whose authorisation under section 817RE includes authorisation for the purpose of exercising the powers set out in section 817REA(3);

'AML Directive' means Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 [OJ No. L141, 5.6.2015, p. 73] on the prevention of and the use of the financial system for the purposes of money laundering or terrorist financing, amending Regulation (EU) 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 as amended by Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 [OJ No. L156, 19.6.2018, p. 43];

'beneficial owner' has the same meaning it has in the AML Directive;

'designated person' has the same meaning it has in Part 4 of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010;",

and

(b) by the insertion of the following section after section 817RE:

"817REA. Revenue powers