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Guidelines for Designated Persons supervised by the Anti-Money Laundering Compliance Unit – March 2024

2024-03-28T08:44:56+00:00March 28th, 2024|Categories: Other, Publications|

Publication of Anti-Money Laundering & Countering the Financing of Terrorism - Guidelines for Designated Persons supervised by the Anti-Money Laundering Compliance Unit Today, 28th March 2024, the Anti-Money Laundering Compliance Unit (AMLCU) of the Department of Justice published Anti-Money Laundering & Countering the Financing of Terrorism - Guidelines for Designated Persons supervised by the Anti-Money Laundering Compliance Unit. The purpose of the Guidelines is to assist those Designated Persons supervised by the AMLCU in understanding and meeting their Anti-Money Laundering and Countering the Financing of Terrorism obligations under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 as amended and related Statutory Instruments. A copy of these Guidelines can be located here. Please note: it is the ultimate responsibility of all Designated Persons to ensure that they are compliant with their obligations under the CJA 2010 as amended.  These guidelines are intended to assist Designated Persons in their understanding of and compliance with those obligations.  The Guidelines do not constitute secondary legislation.  Firms must always refer directly to the CJA 2010 when ascertaining their statutory obligations.  The Guidelines do not replace or override any legal and/or regulatory requirements.  In the event of a discrepancy between these Guidelines and the CJA 2010, the CJA 2010 will apply.  The Guidelines are not exhaustive and do not set limitations on the steps to [...]

4th EU Money Laundering Directive

2024-03-25T15:58:17+00:00May 20th, 2015|Categories: Other, Publications|

DIRECTIVE (EU) 2015/849 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Regulation (EU) No 648/2012 of the European Parliament and of the Council, and repealing Directive 2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC Click here to read the full publication

2012 – Statistics Report – Money Laundering and Terrorist Financing

2024-03-25T16:00:18+00:00January 1st, 2013|Categories: Other, Publications|

Much of criminal conduct is financially motivated and money laundering is the process which criminals use to disguise the origin of the criminal proceeds generated by organised criminal activity. So while the problem of money laundering is not a new one, money laundering is a particularly important issue now because of the increasingly sophisticated nature of this category of crime. This phenomenon combined with the increasing globalisation of both the financial and business sectors and the internationalisation of a great deal of criminal activity makes the crime of money laundering more prevalent. Click here to read the full publication

National Risk Assessment

2024-03-25T16:01:41+00:00January 1st, 2011|Categories: Other, Publications|

National Risk Assessment This is Ireland’s first money laundering and terrorist financing (ML/TF) national risk assessment (NRA), and the aim of this process was to identify, understand and assess the money laundering and terrorist financing risks faced by Ireland. This NRA is also intended to provide the basis for an Action Plan, which, together with the feedback from the FATF Mutual Evaluation Report (MER) and the transposition of the 4th AntiMoney Laundering Directive (4AMLD),1 will lay the ground for further strengthening the Irish anti-money laundering and countering the financing of terrorism (AML/CFT)2 regime. Click here to read the full publication

Criminal Justice (Money Laundering and Terrorist Financing) Act 2010

2024-03-25T16:02:48+00:00May 5th, 2010|Categories: Other, Publications|

An act to provide for offences of, and related to, money laundering in and outside the state; to give effect to directive 2005/60/EC of the European parliament and of the council of 26 October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing; to provide for the registration of persons directing private members’ clubs; to provide for the amendment of the central bank act 1942 and the courts (supplemental provisions) act 1961; to provide for the consequential repeal of certain provisions of the criminal justice act 1994; the consequential amendment of certain enactments and the revocation of certain statutory instruments; and to provide for related matters. Click here to read the full publication

Third Mutual Evaluation Report on Anti-Money Laundering and Combating the Financing of Terrorism

2024-03-25T16:03:13+00:00February 17th, 2006|Categories: Other, Publications|

This Evaluation was undertaken by the Financial Action Task Force (FATF) and outlines the Anti-Money Laundering/Counter Terrorist Financial measures in force in Ireland at July 2005. Click here to read the full publication

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