Anti-money laundering guidance

Updated Anti-Money Laundering Guidance has been developed by a CCAB-I working party and this is now available from the link below. The previous guidance titled M42 (Revised) Anti-Money Laundering Guidance - Republic of Ireland 2010, is now withdrawn.

The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2018 became law on 26 November 2018.  The changes brought by the new legislation do not alter the fundamentals of what money laundering is nor the obligations to report money laundering. However, the new legislation has a more robust approach to risk and reporting and there are other changes.  The new guidance reflects the requirements’ of the new legislation.