Money Laundering and Proceeds of Crime Act Act No. 4/2013 (2) The information requested under subsection (1) shall be provided within the time limits set and the form specified by the Unit in writing. (3) The Unit is authorised to access and review on-site information which is necessary to the fulfilment of its functions and that belongs to or is in the custody of financial institutions and designated non-financial businesses and professions. (4) Subsections (1) and (2) shall be applied subject to the limitations in the definition of “designated non-financial businesses and professions” in section 13 and subject to section 30(2). (5) The Unit may, in relation to any report or information it has received, obtain, where not otherwise prohibited by law, any information it deems necessary to carry out its functions from any of the following— (a) a law enforcement authority; (b) any competent supervisory authority; (c) any public authority or person; (d) any corporate body of a public character; (e) a public company or other person or entity in accordance with the Access to Information and Protection of Privacy Act [Chapter 10:27] (No. 5 of 2002). 37 Sharing Information with foreign counterpart agencies (1) The Unit may, on its own initiative or upon request, share information with any foreign counterpart agency that is subject to similar secrecy obligations with respect to the information it receives based upon reciprocity or mutual agreement. (2) The Unit may make the following inquiries on behalf of a foreign counterpart agency where the inquiry may be relevant to the foreign counterpart agency���s analysis of a matter involving the suspected proceeds of crime or terrorist property, or potential financing of terrorism— (a) search its own databases, including information related to reports of suspicious transactions, and other databases to which the Unit has direct or indirect access, including databases of a law enforcement, competent supervisory authority, public authority or person , corporate body of a public character and commercially available databases; and (b) obtain from financial institutions and designated non-financial businesses and professions information that is relevant in connection with such request; and (c) obtain from the persons referred to in section 36(4) 11 information that is relevant in connection with such request to the extent that the Unit could obtain such information in a domestic matter; and (d) take any other action in support of the request of the foreign counterpart agency that is consistent with the authority of the Unit in a domestic matter. CHAPTER IV CONVICTION-BASED CONFISCATION AND BENEFIT RECOVERY ORDERS AND INVESTIGATIVE POWERS APPURTENANT THERETO PART I APPLICATION OF CHAPTER IV AND INTERPRETATION 38 Application of Chapter IV (1) This Chapter shall apply— 11 (sic) Should be 36(5). - 33 -

Select target paragraph3

Add to table of contents