S.I. No. 724/2024 - Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (Sections 25 and 60) (Prescribed Class and Competent Authority) Regulations 2024

1. (1) These Regulations may be cited as the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (Sections 25 and 60) (Prescribed Class and Competent Authority) Regulations 2024.

(2) These Regulations shall come into operation on 30 December 2024.

2. In these Regulations—

“Act of 2010” means the

Criminal Justice (Money Laundering and Terrorist Financing) Act 2010

(No. 6 of 2010);

“crypto-asset” means a crypto-asset as defined in Article 3(1), point (5), of Regulation (EU) 2023/1114, except where falling within the categories listed in Article 2(2), (3) and (4) of that Regulation or otherwise qualifying as funds;

“crypto-asset service provider” means a crypto-asset service provider as defined in Article 3(1), point (15), of Regulation (EU) 2023/1114, where performing one or more crypto-asset services as defined in Article 3(1), point (16), of that Regulation, with the exception of providing advice on crypto-assets as referred to in Article 3(1), point (16)(h), of that Regulation;

“Regulation 2023/1114” means Regulation 2023/1114 of the European Parliament and of the Council of 31 May 2023

1

.

3. The class of persons specified in the Schedule is prescribed for the purposes of section 25(1)(j) of the Act of 2010.

4. The Central Bank is prescribed as the competent authority for crypto-asset service providers for the purposes of section 60(1) of the Act of 2010.

SCHEDULE

Regulation 3

Crypto-asset service providers

GIVEN under my Official Seal,

17 December, 2024.

HELEN MCENTEE,

Minister for Justice.

1 OJ L 150, 9.6.2023, p. 40.

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of

27

th December,

2024.

I, HELEN MCENTEE, Minister for Justice, in exercise of the powers conferred on me by sections

3

(1),

25

(7) and

60

(3) of the

Criminal Justice (Money Laundering and Terrorist Financing) Act 2010

(No. 6 of 2010) (as adapted by the Justice and Equality (Alteration of Name of Department and Title of Minister) Order 2020 (

S.I. No. 452 of 2020

)) and the Public Expenditure and Reform (Transfer of Departmental Administration and Ministerial Functions) Order 2011 (

S.I. No. 647 of 2011

), being satisfied as to the matters referred to in sections

25

(7)(a) and

60

(3) of that Act and having consulted with the Minister for Finance, hereby make the following regulations