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 GROUP
Dave Burns
Global Head of Data Protection, AML and Financial Crime Prevention
T: +353 (1) 489 6829 E: Dave.Burns@carnegroup.com
CARNE DUBLIN
Shane Keyes
Money Laundering Reporting Officer, AML, Data Protection & Financial Crime Prevention
T: +353 (1) 489 6861 E: Shane.Keyes@carnegroup.com
CARNE DUBLIN
John Cronin
Money Laundering Reporting Officer, AML, Data Protection & Financial Crime Prevention
T: +353 (1) 489 6874 E: John.Cronin@carnegroup.com
