Irish Government Publishes Proposed Amendments to Anti-Money Laundering Legislation
The Minister for Justice and Defence has published the heads of a proposed Bill on new anti-money laundering measures. The proposed new Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2012 is aimed at enhancing Ireland’s compliance with the Financial Action Task Force (FATF) standards following an evaluation of existing legislation, the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010.
The Heads of the Bill have been published to enable consultation with relevant sectors. Comments requested by 31 July 2012.
The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2012 is available here.