European Union (Burma/Myanmar) (Financial Sanctions) Regulations 2012.
Statutory Instruments
Source: Statutory Instruments

num: 1
paragraphs: These Regulations may be cited as the European Union (Burma/Myanmar) (Financial Sanctions) Regulations 2012.
num: 2
paragraphs: (1) In these Regulations “Council Regulation” means Council Regulation (EC) No. 194/2008 of 25 February 20081, as amended by—
(a) Commission Regulation (EC) No. 385/2008 of 29 April 20082 and the Corrigendum to that Regulation3 ,
(b) Commission Regulation (EC) No. 747/2009 of 14 August 20094 ,
(c) Commission Regulation (EU) No. 1267/2009 of 18 December 20095 ,
(d) Commission Regulation (EU) No. 411/2010 of 10 May 20106 ,
(e) Council Regulation (EU) No. 408/2010 of 11 May 20107 ,
(f) Commission Implementing Regulation (EU) No. 383/2011 of 18 April 20118 ,
(g) Commission Implementing Regulation (EU) No. 891/2011 of 1 September 20119 ,
(h) Council Regulation (EU) No. 1083/2011 of 27 October 201110 , and
(i) Council Implementing Regulation (EU) No. 1345/2011 of 19 December 201111 .
(2) A word or expression which is used in these Regulations and which is also used in the Council Regulation has, unless the context otherwise requires, the same meaning in these Regulations as it has in the Council Regulation.
num: 3
paragraphs: Subject to Regulation 4, a person commits an offence if he or she infringes the provisions of the Council Regulation 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 granting of any financial loan or credit to certain named entities,
(e) the acquisition or extension of a participation in certain named entities,
(f) the creation of any joint venture with certain named entities,
(g) the supply of information to or cooperation with the competent authorities, or
(h) the participation in activities to circumvent the requirements of the Council Regulation as regards paragraph (a), (b), (c), (d), (e), (f) or (g).
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paragraphs: Notwithstanding Regulation 3, a person who has received an authorisation under Article 9 or Article 13 of the Council Regulation 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 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 given 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 Class A fine or to imprisonment for a term not exceeding 12 months or to both, or
(b) on conviction on indictment, to a fine not exceeding €500,000 or to imprisonment for a term not exceeding 3 years or to both.
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paragraphs: The European Union (Burma/Myanmar) (Financial Sanctions) (No. 2) Regulations 2011 ( S.I. No. 512 of 2011 ) are revoked.