AML Update: Department of Finance publishes National Risk Assessment for Ireland

12-10-2016

Author: Robert Cain, Orla O’Connor and Maedhbh Clancy



The Department of Finance has published its first National Risk Assessment for Ireland (Money Laundering and Terrorist Financing) (the Risk Assessment) in conjunction with the Department of Justice and Equality with the intention of improving understanding of Ireland’s risks in this area, enabling strategies to be developed to address those risks, and allocating resources to implement those strategies.  In line with Ireland’s ongoing commitments as a member of the Financial Action Task Force and in anticipation of its ongoing commitments once the Fourth Money Laundering Directive (MLD4) comes into force (see our recent briefing: MLD4: Earlier Transposition?), the Risk Assessment will be updated on an ongoing basis.

Read the full briefing here.

 

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