This Report gives an overview of Ireland’s response to money laundering and terrorist financing by setting out the relevant legislative and regulatory framework along with the roles played by the various enforcement and supervisory authorities. Information is provided in both a narrative and statistical format. Click here to read the full publication
This Report gives an overview of Ireland’s response to money laundering and terrorist financing by setting out the relevant legislative and regulatory framework along with the roles played by the various enforcement and supervisory authorities. Information is provided in both a narrative and statistical format. Click here to read the full publication
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 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
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
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
