The Money Laundering Bill 2018

The Fourth Money Laundering Directive 2015/849 (“MLD4”) will soon be transposed into Irish law by the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2018 (“Bill”), which is currently before the legislature.

Once the Bill becomes law, each financial institution as well as other designated persons will need to carry out a gap analysis of its existing anti-money laundering and counter-terrorist financing (“AML/CTF”) policies and procedures to ensure that they comply with the new requirements.

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