The president signed the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (The 2010 Act) on 5 May 2010.
This Act implements the EU Directive 2005/60 EC on the prevention of money laundering and terrorist financing.
The 2010 Act was commenced on 15 July 2010.
Chartered Accountants Ireland, in conjunction with other CCAB-I bodies, has issued M42 (revised) Anti-Money Laundering Guidance - Republic of Ireland effective 23 September 2010.
Guidance in the form of FAQ's, has been prepared by the Institute.