Ireland: Adoption of Money Laundering and Terrorist Financing (Amendment) Act 2021 introducing definition of Virtual Asset Service Providers
Description
Adoption of Money Laundering and Terrorist Financing (Amendment) Act 2021 introducing definition of Virtual Asset Service Providers
The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021, implementing EU Directive 2018/843, is adopted. It defines virtual asset service providers as a person who by way of business carries out one or more of a list of activities, e.g. the exchange between virtual assets and fiat currencies.
Original sourceScope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Other operating condition, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament