Changes to Anti-Money Laundering Requirements Start to Apply

The legislation transposing the EU’s Fifth Anti-Money Laundering Directive (“MLD5”) into Irish law is now in force. Each designated body will need to ensure that it complies with the new requirements set out in the Criminal Justice (Money Laundering and Terrorist Financing) Amendment Act 2021 (the “2021 Act”) (here), if it has not already done so.

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