Ireland: Adoption of Money Laundering and Terrorist Financing (Amendment) Act 2021 introducing compliance obligations for Virtual Asset Service Providers
Description
Adoption of Money Laundering and Terrorist Financing (Amendment) Act 2021 introducing compliance obligations for Virtual Asset Service Providers
The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021, implementing EU Directive 2018/843, is adopted. It obliges virtual asset service providers to comply with Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) obligations.
Original sourceScope
Policy Area
Other operating conditions
Policy Instrument
Other operating condition, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament