Page Contents
Domestic
European
Related areas
Central Bank of Ireland draft guidance on third-party risk management
On 8 October, the Central Bank of Ireland (CBI) commenced a consultation on draft ‘Guidance on Good Practices for the Sound Management of Third Party Risks’. When finalised, the draft guidance will replace the CBI’s existing ‘Cross-Industry Guidance on Outsourcing’. The consultation period will close on 3 December 2026. The CBI intends to publish the guidance in final form in Q1 2027 and to apply it from the date of publication.
General Scheme for Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2026
On 7 October, the Department of Justice published the General Scheme and Regulatory Impact Assessment for the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2026. While the General Scheme outlines the heads of bill for transposing the 6th Anti-Money Laundering Directive into Irish law, the Department of Justice stated that most of the EU’s anti-money laundering and counter-terrorist financing (AML/CFT) package will be transposed by statutory instrument.
CBI report on customer experience
The CBI published a feedback report on customer experience across all retail sectors. The report outlines findings from the CBI’s cross-sectoral supervisory activities on customer experience during 2025 and 2026. It also sets out the CBI’s expectations for firms across all sectors to improve customer outcomes.
Updated General Guidance on the Consumer Protection Code
In October, the CBI issued an updated version of its General Guidance on the Consumer Protection Code, dated September 2026.
Consultation on draft RTS for an AML/CFT database
On 7 October, the EU’s Anti-Money Laundering Authority (AMLA) launched a consultation on draft regulatory technical standards (RTS) for the operation of a central AML/CFT database. The database is intended to support the exchange of supervisory information across the EU by serving as a single-entry point for standardised reporting. It will be a repository of supervisory information at both entity and system level, providing supervisory authorities with reliable access, on a confidential, need-to-know basis, to data they need to carry out their functions.
AMLA and the European Anti-Fraud Office sign co-operation agreement
On 21 October, AMLA and the European Anti-Fraud Office announced the signing of a ‘working arrangement’ to strengthen co-operation and information exchange, supporting their work against money laundering, terrorist financing, fraud and corruption. The arrangement sets out a framework for exchange of operational and strategic information, including criminal patterns, emerging trends, risk indicators and crime prevention methods.
Commission Implementing Regulation on formats for submitting beneficial ownership information
On 22 October, Commission Implementing Regulation (EU) 2026/2354 was published in the Official Journal of the EU. It establishes standardised reporting formats and minimum submission requirements for beneficial ownership information that must be reported to central beneficial ownership registers under the EU's new AML/CFT package. The Commission Implementing Regulation will apply from 10 July 2027, aligning with the application date of Regulation (EU) 2024/1624.
Date published: 12 November 2026
This publication provides an overview of certain legal and regulatory developments that may be of interest to certain entities. It does not purport to provide analysis of law or legal advice and is strictly for information purposes only.