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ARTICLE · 07 JULY 2021

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Central Bank Of Ireland Issues Revised AML And CFT Guidelines: Key Changes

Maples Group
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On 23 June 2021, the Central Bank of Ireland ("CBI") published revised Guidelines on Anti-Money Laundering ("AML") and Countering the Financing of Terrorism ("CFT") (the "Guidelines")...

IrelandGovernment, Public Sector
Stephen Carty
Stephen Carty
Lorna Smith
Lorna Smith
Philip Keegan
Philip Keegan
Alison Gibney
Alison Gibney
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On 23 June 2021, the Central Bank of Ireland ("CBI") published revised Guidelines on Anti-Money Laundering ("AML")  and Countering the Financing of Terrorism ("CFT") (the "Guidelines"), in response to the enactment of the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 ("CJA 2021"), which transposed the fifth AML Directive EU/2018/843 ("5MLD") into Irish law. 

What are the key changes? 

The revisions reflect the further transposition of 5MLD and bring the Guidelines in line with current CBI expectations in relation to designated persons' ("firms") existing obligations under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 ("CJA 2010").  

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