← Ireland

S.I. No. 420/2006 - European Communities (Democratic Republic of Congo) (Financial Sanctions) Regulations 2006

S.I. No. 420/2006 - European Communities (Democratic Republic of Congo) (Financial Sanctions) Regulations 2006 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.

  1. ie)Translations (Houses of the Oireachtas) Government Publications for Sale EU Law (EUR-Lex) FAQ Disclaimer Feedback Helpdesk Search Baile Reachtaíocht Achtanna an Oireachtais Ionstraimí Reachtúla Reachtaíocht Réamh-1922 Bunreacht Acmhainní Seachtracha Billí (Tithe an Oireachtais) Iris Oifigiúil Achtanna Athbhreithnithe (CAD) (An Coimisiún um Athchóiriú an Dlí) Liosta Rangaithe Reachtaíochta Aistriúcháin (achtanna.
  2. ie)Aistriúcháin (Tithe an Oireachtais) Foilseacháin Rialtais ar Díol Dlí AE (EUR-Lex) CCanna (Ceisteanna Coitianta) Séanadh Aiseolas Deasc chabhrach Cuardach TitleTeideal Year(
  3. s)or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile Statutory InstrumentsIonstraimí Reachtúla 2006 S.I. No. 420/2006 - European Communities (Democratic Republic of Congo) (Financial Sanctions) Regulations 2006 S.I. No. 420/2006 - European Communities (Democratic Republic of Congo) (Financial Sanctions) Regulations 2006 AmendmentsLeasuithe STATUTORY INSTRUMENTS S.I. No. 420 of 2006 REGULATIONS entitled European Communities (Democratic Republic of Congo) (Financial Sanctions) Regulations 2006 I, Brian Cowen, Minister for Finance, in exercise of the powers conferred on me by section 3 of the European Communities Act, 1972 (No. 27 of 1972), and for the purpose of giving effect to Council Regulation (EC) No. 889/2005 of 13 June 20051 and Council Regulation (EC) No. 1183/2005 of 18 July 20052 , hereby make the following regulations: 1. These Regulations may be cited as the European Communities (Democratic Republic of Congo) (Financial Sanctions) Regulations 2006. 2.

(1)In these Regulations - “Central Bank” means Central Bank and Financial Services Authority of Ireland; “Council Regulation 889/2005” means Council Regulation (EC) No. 889/2005 of 13 June 2005, as amended by; “Council Regulation 1183/2005” means Council Regulation (EC) No. 1183/2005 of 18 July 2005, as amended by; (i) Commission Regulation (EC) No. 1824/2005 of 9 November 20053 (ii) Commission Regulation (EC) No. 84/2006 of 18 January 20064
(2)A word or expression which is used in these Regulations has, unless the context otherwise requires, the same meaning that it has in Council Regulation 889/2005 or Council Regulation 1183/
  2. Subject to Regulation 4, a person who: a. makes a financial transfer concerning the provision of financing or financial assistance related to military activities, including in particular grants, loans and export credit insurance, for any sale, supply, transfer or export of arms and related material, or for any grant, sale, supply, or transfer of related technical assistance and other services, directly or indirectly to any person, entity or body in, or for use in the Democratic Republic of Congo, as outlined in Council Regulation 889/2005; or b. transfers of funds or economic resources which are frozen by virtue of Council Regulation 1183/2005 shall be guilty of an offence.
  3. Regulation 3 shall not apply in a case where an authorisation in respect of such transfer has been granted in accordance with Article 3 of Council Regulation 889/2005 or Council Regulation 1183/
  5. The Central Bank may, for the purposes of the administration and enforcement of the provisions of these Regulations, give such directions or issue such instructions to a person as it sees fit.
  6. A person who fails to comply with a direction or an instruction issued under Regulation 5 shall be guilty of an offence.
  7. A person guilty of an offence under these Regulations shall be liable on summary conviction to a fine not exceeding €5,000 or to imprisonment for a term not exceeding 12 months or to both.
  8. Where an offence under these Regulations is committed by a body corporate and is proved to have been so committed with the consent, connivance or approval of or to have been attributable to any neglect on the part of any person, being a director, manager, secretary or other officer of the body corporate or a person who was purporting to act in any such capacity, that person as well as the body corporate, shall be guilty of an offence and shall be liable to be proceeded against and punished as if he or she were guilty of the first mentioned offence.
  9. The European Communities (Democratic Republic of Congo) (Financial Sanctions) Regulations (No 2) 2005 (S.I. No 890) is revoked. GIVEN under my Official Seal, This 01st day of August 2006 _________________ BRIAN COWEN Minister for Finance Explanatory Note (This note is not part of the Statutory Instrument and does not purport to be a legal interpretation). These Regulations provide for penalties for breach of financial sanctions relating to: (i) the provision of financial assistance in relation to military activities in the Democratic Republic of Congo as outlined in Council Regulation (EC) No. 889/2005 of 13 June 2005; and (ii) the freezing of funds and economic resources of persons acting in violation of the arms embargo with regard to Democratic Republic of Congo as outlined in Council Regulation (EC) No. 1183/2005 of 18 July 2005, as amended by various Commission Regulations. 1 O.J. No. L152, 15.6.2005, p1 2 O.J. No. L193, 23.7.2005, p1 3 O.J. No. L294, 10.11.2005, p3 4 O.J. No. L14, 19.1.2006, p14 Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais

🔗 To official source

AI explanation based on the official legal text. Indicative, not a substitute for legal advice.