AML/CFT as an opportunity and threat to Irish financial services

On 6 April 2022, ACCA hosted a roundtable discussion on the opportunities and threats for Ireland arising from the European Commission’s proposal to implement an EU single rule book for AML/CFT and to establish a dedicated EU authority to directly supervise higher risk firms and bring about greater coordination of national supervisors.

The roundtable received presentations from Minister Sean Fleming and Raluca Prună of the European Commission on the new proposals, the government’s support for the sector and its approach to negotiation. This was followed by a rich and robust discussion from a panel of experts in the area of AML/CFT compliance. The output from the event is a series of policy recommendations which are included at the end of the report.