Money Laundering and Proceeds of Crime Act Act No. 4/2013 which might reasonably be expected to cause the Registrar to reconsider his or her approval of the director concerned, the chief executive officer shall forthwith and in writing inform the Registrar of that change or provide the Registrar with that fresh information, as the case may be. (10) On receipt of information in terms of subsection (9), the Registrar may reconsider his or her approval of the director concerned, and subsections (7) and (8) shall apply accordingly, with any necessary changes. (11) Every society shall notify the Registrar of the name, and such other particulars as may be prescribed, of its chief executive officer. (12) Any person who knowingly contravenes subsection (5), (9) or (11) shall be guilty of an offence and liable to a fine not exceeding level ten or to imprisonment for a period not exceeding six months or to both such fine and such imprisonment.”; (b) in section 59 (“Disqualifications for appointment as director”) in subsection (1) by the deletion from paragraph (d) of “or perjury” and the substitution of “, perjury, moneylaundering or financing terrorist activities”; (c) in section 68 (“Appeals against decision of Registrar”) by the insertion after “fourteen,” of “section 58(7) or (10),”. 108 Amendment of Cap. 24:24 The Bank Use Promotion and Suppression of Money Laundering Act [Chapter 24:24] (No. of 2004) is amended— (a) by the repeal of section 1 and the substitution of— “1 Short title and commencement This Act may be cited as the Bank Use Promotion Act [Chapter 24:24].”; (b) in section 2 (“Interpretation”) by the repeal of the definitions of “financial institution”, “serious offence” and “tainted property” and the substitution of the following— ““financial institution” has the meaning assigned to it in the Money Laundering and Proceeds of Crime Act, 2013.”; “serious offence” has the meaning assigned to it in the Money Laundering and Proceeds of Crime Act, 2013; “tainted property” has the meaning assigned to it in the Money Laundering and Proceeds of Crime Act, 2013, and includes “terrorist property” as defined in that Act”; (c) in section 4 (“Functions of the Unit”) by the repeal of paragraphs (b) and (c) and the substitution of— “(b) to discharge the functions assigned to it under the Money Laundering and Proceeds of Crime Act, 2013;”; (d) in section 9 (“Bank Use Promotion and Suppression of Money Laundering Advisory Committee”)(3) by the repeal of paragraph (d); (e) by the repeal of section 21 and the substitution of— “21 Temporary restrictions on cash withdrawals from financial institutions (1) If the Minister considers it necessary to do so in the interests of public order or the economic interests of the State, he or she may, by notice in the Gazette, prohibit— (a) any persons or class of persons from withdrawing, during any period of twentyfour hours, such cash amount as may be specified in the notice from their accounts with financial institutions; - 71 -