Key Benefits:
Law of the register of the information on currency exchange and transfer of tenders in and out of Norway (the currency region of the law). |
| Date | LO-2004--05-28-29 |
| Ministry of | Treasury |
| Last modified | LAW-2009-06-19-48 from 212.12.2009 |
| Published | In 2004 booklet 6 |
| Istrontrecation | 01.01.2005 |
| Changing | |
| Announcement | 28.05.2004 |
| Card title | Valutargisterlaw-valrell. |
The purpose of the law is to prevent and combat crime and to contribute to appropriate tax and tax payment, by that control and investigative organs access to information on currency growth and physical or electronic transfers of tenders in and out of Norway.
The information in the registry shall also be able to be used for the protection of Norway's Banks tasks after the central bank, Financial vision tasks after the Financial Visibility Act and in relation to the control of the binding ordinance of the United Nations safety advice, jf. Law 7. June 1968 # 4.
| 0 | Modified by law 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603). |
In this law understood by :
1 Payment funds :
Norwegian and foreign money sheets, coins, switch, check and other directions or accreditation that give the right to payment in Norwegian or foreign money notes and coins.
2 Currency Exchange :
Buy and sale of foreign tenders.
3 Processing responsible :
The device provided in responsibility to collect information as well as maintaining and bolte the registry.
4 Norway :
The Norwegian mainland and all area within the territorial border.
It shall be conveyed to a central electronic register over information on currency exchange and transfer of tenders in and out of Norway.
The Ministry can provide regulations on the registry's organization and about the completion of the registry.
Presak that can drive currency business by law 10. June 1988 # 40 on funding business and financial institutions shall report to the registry on currency exchange and about transfer of tenders in and out of Norway.
The Toll and tax rate shall report to the registry declarator in-and execution of tenders.
Report of currency exchange and whether transfer of tenders in and out of Norway shall be provided electronically and contain information that identifies person or enterprise receiving and sending, or leads payment funds in or out of Norway, as well as details of the transaction and the tender.
The Ministry can provide regulations on the reporting settlement's content, herunder determining distinctive amounts of reporting.
Police, the IRS, the Customs and tax rate, the Working and welfare Directorate and the SEC shall have electronic access to the information in the registry. Search the registry shall only take place out of these stages of need for information in the context of prevention and the prevention of crime, control business and supervision.
Norway's Bank and State Department shall have access to the information in the registry, jf. Section 1 other clause. The Board of bankruptcy is to have access to the information in the registry to protect its tasks by bankruptcy law.
The Ministry may decide that others should have access to information from the registry.
The Ministry can provide regulations that only further defined user groups in the ethates mentioned in the first clause should have electronic access to the information in the registry.
| 0 | Modified by laws 16 June 2006 # 20 (ikr. 1 July 2006 ifg res. 16 June 2006 # 631), 15 des 2006 # 84, 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603). |
The information in the registry is to be deleted only five years after the expiration of the registration year.
Part Article SECTION 8. SanctionsThe SEC can provide the reporting liquidating settlement that conditions in violation of this law or regulation given in the co-hold of the law shall cease. The SEC can set a deadline for conditions to be brought in accordance with the injunction.
The SEC may be illading it as not descendant cuts after the first clause of foreclosure to the state in terms of disposable or running mulched. The order of mulkt is the force basis for the outlay.
| 0 | Modified by law 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603). |
The Ministry can in regulation determine rules to padding and review of the provisions of the Act. The Ministry of the Ministry may also be able to determine exceptions from some or more of the provisions of the Act.
Part Article SECTION 10. Istrontrecation and transition regulationsThe law takes effect from the time the King decides.
Information from the Control Task from the card companies, the BRAVO registry and register of the input and the execution of bills and coin obtained with home law in law 14. July 1950 # 10 about currency relegating can be transferred to the registry that is created with home in this law.
From the time the law takes effect, the following changes are made in other laws :---
Part Article
