Section 33, Terrorism Act, 2012

(1) A reporting entity shall– (a) pay special attention to all complex, unusual and large transactions and all unusual patterns of transactions which have no apparent economic or visible lawful purpose; (b) pay special attention to business relations and transactions with persons, including legal persons and arrangements, from or in countries that do not or insufficiently apply the relevant international standards to combat money laundering and the financing (c) pay special attention to electronic funds transfer that do not contain complete originator information; (d) examine as far as possible the background and purpose of unusual transactions as described in paragraphs (a) and (b) and set out in writing their findings; (e) take such specific measures as may be determined by the competent supervisory authority to counter the risks with respect to business relations and transactions specified in this section. (2) The findings in paragraph (d) of subsection (1)shall be maintained on file as specified in section 30 on record keeping and shall be made available promptly if requested by the Unit, a supervisory authority or any other competent authority that should have access. (3) Where the reporting entity has reasonable grounds for believing that the business transactions referred to in this section could constitute or be related to money laundering, terrorism financing or an unlawful activity, the financial institution shall promptly report the matter to the Unit.