Money Laundering - Amendments to implement 5th AMLD into Ireland (18 March 2021)

Peter Oakes, Founder, Complireg

UPDATE: The law commenced operation on Friday 23rd April 2021. See Stephen Fletcher's blog of Saturday 1 May 2021 for further details

Below is my linkedin post of 16 April 2021.

​I have been asked to put a copy of the consolidation online.  We spent a lot of time preparing the consolidation and are happy to share the below slideshow.  If you would like a copy of the document in pdf which you can copy, paste and search within, please email [email protected] and we will inform of the costs and email. 

"Some comments on the updated Irish #moneylaundering and #terroristfinancing legislation.

Linkedin Post:

What: Ireland signed into law the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 (the “2021 Act”). The 2021 Act (No. 3 of 2021) makes a number of changes to the 2010 Act (No. 6 of 2010)

When: 18 March 2021. Legislation passed by Oireachtas & signed into Law by the President of Ireland

Action: It’s time to update your #Compliance & #FinancialCrime Risk Frameworks, Risk Assessments, Policies, Manuals & Procedures. So what areas of the the 2010 Act impacted by the changes in March do you need to know and consider taking into account to update your compliance documents? See the comments section below where I've listed the areas from the 2010 Act impacted by the 2021 Act.

How: Contact the team at CompliReg. We are undertaking several reviews of policies, procedures and manuals in light of the recent changes made to Irish AML/CTF law. We have tracked the changes in our consolidation of the 2010 Act up until and including Act No 3 of 2021. Contact the team at [email protected] with your business contact details for a discussion of a review.

We'll be sending a copy of our up-to-date consolidated version of the 2010 Act to our clients this week."  Post at https://www.linkedin.com/feed/update/urn:li:activity:6788600737791303680/ 

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