Dermot Ahern (Louth, Fianna Fail)

Section 33 (8)( ) provides that if a designated person is unable to apply the measures specified in subsections (2) or (4), that is, identification and verification customer due diligence measures, due to the failure of the customer to provide the required documentation or information, the designated person cannot provide the service sought for so long as the failure remains unrectified. The purpose of this amendment is to insert "transaction" into this provision so as to clarify that it will apply to a transaction or a service, as appropriate. The reason for this is that the carrying out of a transaction with a customer and nothing more does not involve a service, whereas the carrying out of a transaction for or on behalf of a customer or assisting a customer to carry out a transaction involves the provision of a service.

Amendment agreed to.

Section 33, as amended, agreed to.

Sections 34 to 36, inclusive, agreed to.

SECTION 37.