Ireland FinTech Update: AML Registration for Virtual Asset Service Providers

Virtual Asset Service Providers ("VASPs") in Ireland are now required to comply with Anti-Money Laundering and Countering the Financing of Terrorism ("AML/CFT") obligations. VASPs are required to register with the Central Bank of Ireland for AML/CFT purposes. These aspects of the European Union's Fifth Anti-Money Laundering Directive were transposed into Irish law with effect from the 23rd of April 2021 by way of the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021. Please read our advisory below which outlines the legislative requirements and practical details from the new Central Bank VASP registration webpage.

 

Click here to view advisory


IRELAND
Niall Esler PartnerT +353 1 863 8517 niall.esler@walkersglobal.com
Conor DalySenior AssociateT +353 1 470 6684conor.daly@walkersglobal.com
Shane MartinOf CounselT +353 1 470 6673shane.martin@walkersglobal.com
Bill LaffanAssociateT +353 1 863 8511bill.laffan@walkersglobal.com