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On 13 June 2023, a statutory instrument amending regulations governing beneficial ownership of corporate entities1 ("Amending Regulations") came into effect.

The Department of Finance has published its first National Risk Assessment for Ireland (Money Laundering and Terrorist Financing) in conjunction with the Department of Justice and Equality...

What follows is a reminder of certain anti-money laundering (AML) and countering the financing of terrorism (CFT) action points for Irish funds and their management companies.

Following our previous client update on the Central Bank of Ireland's ("Central Bank") Notice of Intention setting out proposed changes to PCF categories (the "Notice of Intention"), ...

Anti-Money Laundering legislation requires each EU Member State to establish a Central Register of Beneficial Ownership of Trusts (CRBOT).

ESMA clarifies in the Opinion that when a trading venue is operating a FBA system and it begins the auction process, as soon as a potential match has been identified, the pre-trade transparency requirements will apply.

In September 2021, the Central Bank of Ireland (the "Central Bank") issued a Notice of Intention ("Notice") to amend its list of PCFs based on its supervisory experience around...

On 19 July, the Central Bank of Ireland (CBI) registered Gemini Digital Asset Limited as a Virtual Asset Service Provider (VASP) for anti-money laundering and countering the financing...

The Criminal Justice Act, 2013, which amends the Criminal Justice Act 2010 was signed into law on the 12th June 2013.

The Central Bank is currently in the process of carrying out on-site inspections to confirm that certain companies (including funds) are in compliance with the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010, (the "CJA 2010"), particularly with respect to the customer due diligence obligations and internal policies and procedures including training.

As signposted in our recent update, following its September 2021 Notice of Intention the Central Bank is making changes to its list of Pre-Approval Controlled Functions (PCFs) under its Fitness and Probity framework.

A bill which will transpose the Fifth Anti Money Laundering Directive into Irish law has been published.

The Screening of Third Country Transactions Act 2023 (Act), which we previously discussed in an article from earlier this year, was signed into law on 31 October 2023.

On 8 March 2016, the Central Bank of Ireland (the "Central Bank") published a report on Anti-Money Laundering/Countering the Financing of Terrorism ("AML/CTF") and Financial Sanctions Compliance...

CJEU finds that national laws on the collection and retention of traffic and location data for combating crime or safeguarding national security are unlawful due to serious interferences with...

On 22 September 2021, the Central Bank published a notice of intention to amend the Pre-Approval Controlled Functions (PCF) list by bringing managers of branches Irish regulated financial services providers (RFSPs)...

The Central Bank has provided details of the requirements for in-situ PCFs impacted by these changes which are set out below...

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")...