European Union (Anti-Money Laundering: Central Mechanism for Information on Safe-Deposit Boxes and Bank and Payment Accounts) Regulations 2022.
Statutory Instruments
Source: Statutory Instruments

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paragraphs: These Regulations may be cited as the European Union (Anti-Money Laundering: Central Mechanism for Information on Safe-Deposit Boxes and Bank and Payment Accounts) Regulations 2022.
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paragraphs: (1) In these Regulations—
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paragraphs: (1) The Bank shall establish and maintain a database (in these Regulations referred to as the “Central Database”) in which is entered the information provided to the Bank under Regulation 4.
(2) The Bank shall establish and maintain an information system (to be known as the “Central Mechanism of Ownership of Bank and Payment Accounts and Safe-Deposit Boxes” and in these Regulations referred to as the “Central Mechanism”) for the following purposes:
(a) enabling a credit institution to provide information to the Bank under Regulation 4;
(b) enabling the Bank to maintain the Central Database;
(c) enabling FIU Ireland to carry out searches on and retrieve information from the Central Database.
(3) The Bank shall have access to information held in the Central Database only for the purposes of—
(a) carrying out its functions under these Regulations, and
(b) complying with its obligations under the General Data Protection Regulation.
(4) The Bank shall retain information provided to it under Regulation 4 in relation to an account or safe-deposit box for not less than 5 years after—
(a) in the case of an account, the date on which the account is closed, and
(b) in the case of a safe-deposit box, the date on which the lease concerned expires.
(5) The Bank shall be the controller in respect of personal data stored on the Central Database.
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paragraphs: (1) The Bank may request a credit institution to provide to the Bank, through the Central Mechanism, information—
(a) held by the credit institution, and
(b) referred to in Regulation 5,
(2) The Bank may specify, in a request referred to in paragraph (1)—
(a) the information to be provided, and
(b) the manner in which the information concerned is to be provided (including, but not limited to, the frequency at which and the format in which the information concerned is to be provided).
(3) Where a credit institution receives a request under paragraph (1), the credit institution shall provide the information concerned to the Bank through the Central Mechanism in accordance with the request.
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paragraphs: The following information may be requested by the Bank under Regulation 4(1):
(a) in respect of the customer-account holder and any person purporting to act on behalf of the customer-account holder—
(i) where the customer-account holder or person acting on behalf of the customer-account holder is a natural person—
(I) forename and surname,
(II) date of birth, and
(III) address (including Eircode, if known),
and
(ii) where the customer-account holder or person acting on behalf of the customer-account holder is not a natural person—
(I) name, and
(II) registered address (including Eircode, if known);
(b) in respect of the beneficial owner of the customer-account holder—
(i) where the beneficial owner of the customer-account holder is a natural person—
(I) forename and surname,
(II) date of birth, and
(III) address (including Eircode, if known),
and
(ii) where the beneficial owner of the customer-account holder is not a natural person—
(I) name, and
(II) registered address (including Eircode, if known);
(c) in respect of a bank or payment account—
(i) IBAN,
(ii) account name,
(iii) date of account opening, and
(iv) where applicable, date of account closing;
(d) in respect of a safe-deposit box—
(i) where the lessee is a natural person—
(I) forename and surname of the lessee,
(II) date of birth of the lessee,
(III) address (including Eircode, if known) of the lessee, and
(IV) lease period,
and
(ii) where the lessee is not a natural person—
(I) name of the lessee,
(II) registered address (including Eircode, if known) of the lessee, and
(III) lease period.
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paragraphs: A member of FIU Ireland may, through the Central Mechanism, search for and retrieve information held on the Central Database.
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paragraphs: The Central Bank Act 1942 (No. 22 of 1942) is amended—
(a) in section 33AN(1), in the definition of “designated statutory instrument”, by the insertion of “or the European Union (Anti-Money Laundering: Central Mechanism for Information on Safe-Deposit Boxes and Bank and Payment Accounts) Regulations 2022 ( S.I. No. 46 of 2022 )” after “but (in relation to the European Union (General Framework for Securitisation and Specific Framework for Simple Transparent and Standardised Securitisation) Regulations 2018) wherever and only in so far as they impose a requirement on a person who is not a regulated financial service provider,”, and