S.I. No. 440/2011 - Financial Transfers (Côte d'Ivoire) (Prohibition) (No. 4) Order 2011.

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S.I. No. 440/2011 - Financial Transfers (Côte d'Ivoire) (Prohibition) (No. 4) Order 2011.

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Notice of the making of this Statutory Instrument was published in
“Iris Oifigiúil” of 9th September, 2011.
I, MICHAEL NOONAN, Minister for Finance, in exercise of the powers conferred on me by section 4 of the Financial Transfers Act 1992 (No. 27 of 1992) and for the purpose of giving full effect to Council Regulation (EC) No. 174/2005 of 31 January 20051 , as amended, and Council Regulation (EC) No. 560/2005 of 12 April 20052 , as amended, hereby order as follows:
1. This Order may be cited as the Financial Transfers (Côte d’Ivoire) (Prohibition) (No. 4) Order 2011.
2. (1) In this Order—
“Council Regulation (EC) No. 174/2005” means Council Regulation (EC) No. 174/2005 of 31 January 20051, as amended by—
(a) Commission Regulation (EC) No. 1209/2005 of 27 July 20053 ,
(b) Council Regulation (EC) No. 1791/2006 of 20 November 20064 ,
(c) Council Regulation (EU) No. 1032/2010 of 15 November 20105 , and
(d) Council Regulation (EU) No. 668/2011 of 12 July 20116 ;
“Council Regulation (EC) No. 560/2005” means Council Regulation (EC) No. 560/2005 of 12 April 20052, as amended by—
(a) Council Regulation (EC) No. 1791/2006 of 20 November 20064,
(b) Commission Regulation (EC) No. 1240/2008 of 10 December 20087 ,
(c) Council Regulation (EU) No. 25/2011 of 14 January 20118 ,
(d) Council Implementing Regulation (EU) No. 85/2011 of 31 January 20119 ,
(e) Council Regulation (EU) No. 330/2011 of 6 April 201110 ,
(f) Council Implementing Regulation (EU) No. 348/2011 of 8 April 201111 ,
(g) Council Implementing Regulation (EU) No. 419/2011 of 29 April 201112 , and
(h) Council Implementing Regulation (EU) No. 623/2011 of 27 June 201113 .
(2) A word or expression which is used in this Order and which is also used in Council Regulation (EC) No. 174/2005 or in Council Regulation (EC) No. 560/2005 has, unless the context otherwise requires, the same meaning in this Order as it has in the Council Regulation concerned.
3. A person shall not make a financial transfer between the State and another country the effect of which would be to enable or facilitate, directly or indirectly, the doing of any thing which is a breach of Council Regulation (EC) No. 174/2005 or Council Regulation (EC) No. 560/2005.
4. Notwithstanding Article 3 of this Order, a person who has received an authorisation under Article 4 or 4a of Council Regulation (EC) No. 174/2005 or an authorisation under Article 3, 3a, 3b or 4 of Council Regulation (EC) No. 560/2005 may, subject to compliance with the terms and conditions of such authorisation, do such of the things referred to in Article 3 of this Order as are so authorised.
5. The Central Bank of Ireland may, for the purpose of supervision of financial transfers and for the administration and enforcement of the provisions of this Order, give such directions or issue such instructions to a person as it sees fit.
6. A person to whom a direction has been given or an instruction issued under Article 5 of this Order shall comply with such direction or instruction.
7. A person shall not do anything to directly or indirectly assist in the circumvention of the provisions of this Order.
8. The Financial Transfers (Côte D’Ivoire) (Prohibition) (No. 3) Order 2011 ( S.I. No. 375 of 2011 ) is revoked.
GIVEN under my Official Seal,
30 August 2011.
MICHAEL NOONAN,
Minister for Finance.
EXPLANATORY NOTE
(This note is not part of the Instrument and does not purport to be a legal interpretation.)
This Order provides for enforcement of financial sanctions prohibiting financial transfers between the State and another country, as outlined in Council Regulation (EC) No. 174/2005, as amended, or Council Regulation (EC) No. 560/2005, as amended, concerning restrictive measures against Côte d’Ivoire. The financial sanctions include:
• a prohibition on financial assistance related to military activities in Côte d’Ivoire,
• a prohibition on financial assistance related to internal repression in Côte d’Ivoire, and
• the freezing of funds and economic resources of persons designated as constituting a threat to the peace and national reconciliation process in Côte d’Ivoire and other persons determined as being responsible for serious violations of human rights and international humanitarian law in Côte d’Ivoire or who are determined to be in violation of the arms embargo.
This S.I. updates and replaces S.I. No. 375 of 2011 to take account of Council Regulation (EU) No. 668/2011 of 12 July 2011 which makes certain amendments to the ban on the supply of internal repression equipment.
The Order provides that the Central Bank of Ireland may issue instructions for the purpose of giving full effect to the financial sanctions and requires compliance with such instructions.
The Financial Transfers Act 1992 allows for control of financial transfers between the State and other countries, creates an offence for breach of the provisions of any Order made under it and provides for appropriate penalties.
1 OJ No. L.29, 02.02.05, p.5.

2 OJ No. L.95, 14.04.05, p.1.

3 OJ No. L.197, 28.07.05, p.21.

4 OJ No. L.363, 20.12.06, p.1.

5 OJ No. L.298, 16.11.10, p.1.

6 OJ No. L.183, 13.07.11, p.2.

7 OJ No. L.334, 12.12.08, p.60.

8 OJ No. L.11, 15.01.11, p.1.

9 OJ No. L.28, 02.02.11, p.32.

10 OJ No. L.93, 07.04.11, p.10.

11 OJ No. L.97, 12.04.11, p.1.

12 OJ No. L.111, 30.04.11, p.1.

13 OJ No. L.168, 28.06.11, p.2.

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