The Third Anti-Money Laundering Directive was transposed into Irish law on 5 May 2010 by the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (the "CJA Act 2010") and has been effective as of 15 July 2010.The Central Bank of Ireland (the "Central Bank") is continuing to meet with the various industry representative bodies to review the draft Core Guidance Notes. The topic of reliance on third parties particularly third parties from countries with secrecy laws remains a key issue to be resolved between the Central Bank and the various industry groups. It is now anticipated that the Core Guidance Notes will be finalised in February, 2011. Any changes made in the Core Guidance Notes...
Criminal Justice (Money Laundering and Terrorist Financing) Act 2010
|Author:||Ms Breeda Cunningham, Paula Kelleher and Andrew Lawless|
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