European Communities (Democratic Republic of Congo) (Financial Sanctions) Regulations 2008
Statutory Instruments
Source: Statutory Instruments

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paragraphs: These Regulations may be cited as the European Communities (Democratic Republic of Congo) (Financial Sanctions) Regulations 2008.
num: 2
paragraphs: (1) In these Regulations—
(a) Council Regulation (EC) No. 1791/2006 of 20 November 2006 3 ,
(b) Council Regulation (EC) No. 1377/2007 of 26 November 2007 4 , and
(c) Council Regulation (EC) No. 666/2008 of 15 July 2008 5 ;
(a) Commission Regulation (EC) No. 1824/2005 of 9 November 2005 6 ,
(b) Commission Regulation (EC) No. 84/2006 of 18 January 2006 7 ,
(c) Council Regulation (EC) No. 1791/2006 of 20 November 2006 3 ,
(d) Commission Regulation (EC) No. 201/2007 of 23 February 2007 8 ,
(e) Commission Regulation (EC) No. 400/2007 of 12 April 2007 9 ,
(f) Commission Regulation (EC) No. 933/2007 of 3 August 2007 10 , and
(g) Commission Regulation (EC) No. 1096/2007 of 20 September 2007 11 .
(2) A word or expression which is used in these Regulations and which is also used in Council Regulation (EC) No. 889/2005 or in Council Regulation (EC) No. 1183/2005 has, unless the context otherwise requires, the same meaning in these Regulations as it has in the Council Regulation concerned.
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paragraphs: Subject to Regulation 4, a person commits an offence if he or she infringes the provisions of Council Regulation (EC) No. 889/2005 or Council Regulation (EC) No. 1183/2005 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. 889/2005 as regards paragraph (a) or Council Regulation (EC) No. 1183/2005 as regards paragraph (b), (c) or (d).
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paragraphs: Notwithstanding Regulation 3, a person who has received an authorisation under Article 3 of Council Regulation (EC) No. 889/2005 or an authorisation under Article 3 or Article 4 of Council Regulation (EC) No. 1183/2005 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 shall be guilty of 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 any 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, shall be guilty of an offence and shall be liable to be proceeded against and punished as if he or she were guilty of the first mentioned offence.
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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 (Democratic Republic of Congo) (Financial Sanctions) Regulations 2006 ( S.I. No. 420 of 2006 ) are revoked.