On 6th September 2019, the Central Bank of Ireland (“CBI”) issued the Anti Money Laundering and Countering the Finance of Terrorism Guidelines for the Financial Sector (“the Guidelines”) following enactment of the Criminal Justice (Money Laundering and Terrorist Financing) Amendment) Act 2018.

The Guidelines set out the expectations of the CBI regarding factors that Firms should take into account when identifying, assessing and managing Money Laundering (“ML”) and Terrorist Financing (“TF”) risks.

The Guidelines no longer include prescriptive / definitive examples of documentation that the CBI considers would satisfy customer identification and verification requirements.

To find out more read our Regulatory Update, talk to your Carne Relationship Manager or contact a member of the team below.

CARNE CONTACT DETAILS

Ireland

John Cronin
Money Laundering Reporting Officer, AML, Data Protection & Financial Crime Prevention
+353 1 489 6847
john.cronin@carnegroup.com

Ireland

Shane Keyes
Money Laundering Reporting Officer, AML, Data Protection & Financial Crime Prevention
353 (1) 489 6861
shane.keyes@carnegroup.com