Ireland | New Anti-Money Laundering Laws Now in Effect

Ireland's anti-money laundering ("AML") laws have been significantly altered and expanded with the transposition of the Fourth Anti-Money Laundering Directive.  Certain “unregulated” financial institutions (including SPVs) will be required to register with the Central Bank of Ireland, there is an increased focus on risk assessment and providers of gambling services will be within scope of AML requirements for the first time. This briefing explains the recent changes and explains how Walkers may be of assistance to impacted companies.

 

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