Ireland's Department of Finance has released its third National Risk Assessment on Money Laundering, Terrorist Financing and Proliferation Financing, identifying very significant risks in retail banking, digital banking, crypto-assets, and payment institutions. The assessment is accompanied by a comprehensive 30-Point Action Plan designed to strengthen Ireland's financial crime response framework over the next 18 months through enhanced regulatory oversight, beneficial ownership transparency, and sector-spe
IrelandFinance and Banking
Introduction
The Department of Finance (DoF) has published Ireland’s third National Risk Assessment on Money Laundering (ML), Terrorist Financing (TF) and Proliferation Financing (PF) (the NRA), together with a new 30‑Point Action Plan (the Action Plan) designed to strengthen Ireland’s response to financial crime.
The NRA was developed by Ireland’s Anti-Money Laundering Steering Committee (AMLSC) and provides a consolidated, national-level analysis of ML, TF, and PF risks. The purpose of the NRA is to provide a foundation for policy and decision-making and inform the development of Ireland’s legal, regulatory and enforcement frameworks.
Key findings
The NRA notes that Ireland is an open economy, ranks among the top five exporters of financial services in the EU, and has been identified by the IMF as one of 29 jurisdictions with a systemically important financial sector. In this context, five financial services sectors were selected for in-depth assessment due to their scale,
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
View source
