European Communities (Liberia) (Financial Sanctions) Regulations (No. 2) 2008
Statutory Instruments
Source: Statutory Instruments

num: 1
paragraphs: These Regulations may be cited as the European Communities (Liberia) (Financial Sanctions) Regulations (No. 2) 2008.
num: 2
paragraphs: (1) In these Regulations—
(a) Council Regulation (EC) No. 1126/2006 of 24 July 2006 3 ,
(b) Council Regulation (EC) No. 1819/2006 of 11 December 2006 4 ,
(c) Council Regulation (EC) No. 719/2007 of 25 June 2007 5 , and
(d) Council Regulation (EC) No. 866/2007 of 23 July 2007 6 .
(a) Commission Regulation (EC) No. 1149/2004 of 22 June 2004 7 ,
(b) Commission Regulation (EC) No. 1478/2004 of 18 August 2004 8 ,
(c) Commission Regulation (EC) No. 1580/2004 of 8 September 2004 9 ,
(d) Commission Regulation (EC) No. 2136/2004 of 14 December 2004 10 ,
(e) Commission Regulation (EC) No. 874/2005 of 9 June 2005 11 ,
(f) Commission Regulation (EC) No. 1453/2005 of 6 September 2005 12 ,
(g) Commission Regulation (EC) No. 2024/2005 of 12 December 2005 13 and corrigendum 14 ,
(h) Council Regulation (EC) No. 1791/2006 of 20 November 2006 15 ,
(i) Commission Regulation (EC) No. 1462/2007 of 11 December 2007 16 , and
(j) Commission Regulation (EC) No. 973/2008 of 2 October 2008 17 .
(2) A word or expression which is used in these Regulations and which is also used in Council Regulation (EC) No. 234/2004 or in Council Regulation (EC) No. 872/2004 has, unless the context otherwise requires, the same meaning in these Regulations as it has in the Council Regulation concerned.
num: 3
paragraphs: Subject to Regulation 4, a person commits an offence if he or she infringes the provisions of Council Regulation (EC) No. 234/2004 or Council Regulation (EC) No. 872/2004 as regards—
(a) the provision of financing or financial assistance,
(b) the freezing of funds or economic resources,
(c) the making available of funds or economic resources,
(d) the supply of information to or cooperation with the competent authorities, or
(e) the participation in activities to circumvent the requirements of Council Regulation (EC) No. 234/2004 as regards paragraph (a) or Council Regulation (EC) No. 872/2004 as regards paragraph (b), (c) or (d).
num: 4
paragraphs: Notwithstanding Regulation 3, a person who has received an authorisation under Article 3 of Council Regulation (EC) No. 234/2004 or an authorisation under Article 3 or Article 4 of Council Regulation (EC) No. 872/2004 may, subject to compliance with the terms and conditions of such authorisation, do such of the things referred to in Regulation 3 as are so authorised.
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paragraphs: The Central Bank and Financial Services Authority of Ireland 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.
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paragraphs: A person who fails to comply with a direction or an instruction issued under Regulation 5 commits an offence.
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paragraphs: 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 the 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, commits an offence and is liable to be proceeded against and punished as if he or she committed the first mentioned offence.
num: 8
paragraphs: A person guilty of an offence under these Regulations is liable—
(a) on summary conviction, to a fine not exceeding €5,000 or imprisonment for a term not exceeding 12 months or both, or
(b) on conviction on indictment, to a fine not exceeding €500,000 or imprisonment for a term not exceeding 3 years or both.
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paragraphs: The European Communities (Liberia) (Financial Sanctions) Regulations 2008 ( S.I. No. 303 of 2008 ) are revoked.