Dáil debates
Wednesday, 28 April 2010
Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: From the Seanad
Dermot Ahern (Louth, Fianna Fail)
The purpose of these amendments is to insert the term "transaction" after the word "service" in sections 33(8)(a) and 37(8)(b) of the Bill, thereby clarifying that the provisions apply to a transaction or service, as appropriate. The reason for this change is that the carrying out of a transaction with a customer, and nothing more, does not involve the provision of a service. By contrast, the carrying out of a transaction for on behalf of a customer, or assisting a customer to carry out a transaction, involves the provision of a service.
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