Authority for and limitation of proceedings

(1) No prosecution in respect of any offence committed under this Act or the regulations made hereunder shall be instituted except by, or with the consent in writing of, the Central Bank or the Director of Public Prosecutions. (2) All prosecutions, actions, suits, or other proceedings brought for any offence, or for the recovery of any fines, penalties or forfeitures, under this Act or the regulations and practice directions made hereunder, shall be brought within five years after the date of the offence committed or the cause of action accrued.