(a) the person in respect of whose account with the financial institution the information is sought or a person who has an interest in that account— (i) has committed, or is about to commit, a S. 118D(2)(a)(i) amended by Schedule 1 offence, a Schedule 2 Nos 87/2004 offence or a serious drug offence; or s. 22(2)(n), 55/2014 s. 42(a). (ii) was involved in the commission, or is about to be involved in the commission, of such an offence; or (iii) has benefited directly or indirectly, or is S. 118D (2)(a)(iii) about to benefit directly or indirectly, amended by from the commission of a Schedule 1 Nos 55/2014 s. 42(b), offence or a Schedule 2 offence; or 79/2014 s. 35(a). S. 118D (iv) has engaged in serious criminal (2)(a)(iv) activity; and inserted by No. 79/2014 s. 35(b). (b) the issuing of the information notice is required to determine whether to take any action under this Act. S. 118E 118E Issuing information notices—prescribed person inserted by No. 63/2003 (1) A person prescribed for the purposes of s. 29. section 118C may issue an information notice to a financial institution for the purposes of satisfying a pecuniary penalty order. S. 118E(2) (2) A person prescribed for the purposes of amended by section 118C must not issue an information notice No. 68/2010 under subsection (1) unless he or she reasonably s. 25(1). believes that—
(a) the person in respect of whose account with the financial institution the information is sought or a person who has an interest in that account— S. 118D(2)(a)(i) amended by Nos 87/2004 s. 22(2)(n), 55/2014 s. 42(a). (i) has committed, or is about to commit, a Schedule 1 offence, a Schedule 2 offence or a serious drug offence; or (ii) was involved in the commission, or is about to be involved in the commission, of such an offence; or S. 118D (2)(a)(iii) amended by Nos 55/2014 s. 42(b), 79/2014 s. 35(a). (iii) has benefited directly or indirectly, or is about to benefit directly or indirectly, from the commission of a Schedule 1 offence or a Schedule 2 offence; or S. 118D (2)(a)(iv) inserted by No. 79/2014 s. 35(b). (iv) has engaged in serious criminal activity; and (b) the issuing of the information notice is required to determine whether to take any action under this Act. S. 118E inserted by No. 63/2003 s. 29. 118E Issuing information notices—prescribed person (1) A person prescribed for the purposes of section 118C may issue an information notice to a financial institution for the purposes of satisfying a pecuniary penalty order. S. 118E(2) amended by No. 68/2010 s. 25(1). (2) A person prescribed for the purposes of section 118C must not issue an information notice under subsection (1) unless he or she reasonably believes that—