The President signed the Criminal Justice (Money Laundering and Terrorist Financing) Act, 2010 ('2010 Act') on 5 May 2010. The Act implements EU Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing (‘Third EU Anti-Money Laundering Directive'). The 2010 Act was commenced on 15 July 2010.
Chartered Accountants Ireland, in conjunction with the other CCAB-I bodies, has issued M42 (revised) Anti-money Laundering Guidance - Republic of Ireland for its members, effective 23 September 2010.
The legislation and guidance are available in the 'Guidance and Procedures' link.
We are also planning CPD events and various other information events over the coming months. Details will be published via the usual channels in due course.