Seanad debates

Thursday, 11 March 2010

Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: Committee Stage.

 

12:00 pm

Photo of Dermot AhernDermot Ahern (Louth, Fianna Fail)

The first amendment is essentially technical in nature. It proposes to include a definition of "occasional transaction" in section 24, which deals with definitions. The reason for including the definition is that this term is used in a number of sections throughout the Bill, including the proposed amendment to section 55, which will be discussed later. It is therefore more appropriate and useful to define the term in section 24, rather than state it separately each time it applies to a section.

The second amendment is related as it deletes the current text in section 33(1)(), which describes an occasional transaction and instead inserts the term "occasional transaction" where it is proposed to insert it as a definition.

I commend the amendments to the House.

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