Ireland: Adoption of Money Laundering and Terrorist Financing (Amendment) Act 2021 introducing registration requirement for Virtual Asset Service Providers
Description
Adoption of Money Laundering and Terrorist Financing (Amendment) Act 2021 introducing registration requirement for Virtual Asset Service Providers
The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021, implementing EU Directive 2018/843, is adopted. It requires virtual asset service providers to register with the Central Bank for AML/CFT purposes.
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament