Central Bank’s AML/CTF Guidelines for the Financial Sector currently being finalised
In December 2018 the Central Bank published a consultation exercise on revised AML/CTF guidelines (the Guidelines) for the financial sector. The Guidelines set out the expectations of the Central Bank regarding the factors that firms should take into account when identifying, assessing and managing ML/TF risks. The consultation exercise ended on 5 April 2019.
Submissions on the draft Guidelines from the Association of Compliance Officers in Ireland and the Electronic Money Association have been published. In a recent speech, Seana Cunningham, Director of Enforcement and Anti-Money Laundering indicated that the Central Bank is "currently in the process of finalising" these Guidelines.
For more information on this topic please contact Paula Reid, Knowledge Lawyer.
Date published: 24 May 2019