S.L. 373.2 Art. 6Sub-committees and experts.

(1) For the purposes of assisting in the review of the effectiveness of the national system to combat money laundering, the funding of terrorism and the proliferation of weapons of mass destruction and to contribute to the carrying out of national risk assessments, the relevant competent authorities shall maintain comprehensive statistical data.

(2) The comprehensive statistical data to be maintained shall include:

(a) data measuring the size and importance of the different sectors which are subject to anti-money laundering and counter-funding of terrorism obligations under the Prevention of Money Laundering and Funding of Terrorism Regulations, including the number of subject persons and the economic importance of each sector;

(b) the number of suspicious transaction reports made to the Financial Intelligence Analysis Unit and the follow up given to these reports;

(c) data identifying the number and percentage of suspicious transaction reports resulting in further investigations;

(d) the number of money laundering and funding of terrorism investigations, prosecutions and convictions, the number of persons investigated, prosecuted and convicted for money laundering and funding of terrorism, and the types of underlying criminal activities, where such information is available;

(e) the value in euro of property that has been attached, frozen and confiscated;

(f) statistics relevant to the exchange of information between the Financial Intelligence Analysis Unit and foreign counterparts, including data regarding the number of requests for information made, received, refused and answered in full or in part, broken down per foreign counterpart;

(g) data on human resources available to the Financial Intelligence Analysis Unit to carry out its functions under article 16(1)(a), (b) and (c) of the Act;

(h) the number of on-site and off-site examinations carried out on subject persons with the aim of monitoring their compliance with the provisions of the Act and any regulations made thereunder, the number of compliance failures or contraventions identified following such examinations, and the number and values of administrative measures or penalties imposed; and

(i) any other statistical data that the Committee may request to be maintained for the purposes set out under sub-regulation (1).

(2) The Financial Intelligence Analysis Unit shall maintain the statistical data envisaged under paragraphs (a), (b), (c), (f), (g) and (h);

(3) The Executive Police shall maintain information on money laundering and funding of terrorism investigations, as envisaged under paragraph (d);

(4) The Attorney General shall maintain information on money laundering and funding of terrorism prosecutions as envisaged under paragraph (d);

(5) The Registrar of Criminal Courts shall maintain information on money laundering and funding of terrorism convictions COMBATING MONEY LAUNDERING AND 373.02 FUNDING OF TERRORISM as envisaged under paragraph (d);

(6) The Asset Recovery Bureau shall maintain the statistical data envisaged under paragraph (e);

(7) The Committee shall ensure that the statistical data envisaged under this regulation is transmitted annually to the European Commission, and that a consolidated review thereof is published.