CompliReg, supporters of the Fintech Ireland Map, have written a short blog on the announcement (10th August 2020) that the Irish Government Cabinet has approved the publication of new draft rules which, if passed by both houses of Ireland's parliament, will strengthen existing Irish money laundering and terrorist financing laws to bring Ireland further into compliance with the 5th AML/CTF Directive.
Readers may recall that in July 2020, together with Romania, Ireland was fined €2 million for its delay in implementing the necessary legal changes to give effect to the 5th AML/CTF Directive.
This blog is particularly relevant for regulated #Fintech firms, such as payment services and emoney firms, and the soon to be captured cryptoasset / cryptocurrency / cryptoexchange / cryptowallet providers operating from Ireland.
More here - https://complireg.com/blogs--insights/new-irish-anti-money-laundering-rules-approved-by-government
Readers may recall that in July 2020, together with Romania, Ireland was fined €2 million for its delay in implementing the necessary legal changes to give effect to the 5th AML/CTF Directive.
This blog is particularly relevant for regulated #Fintech firms, such as payment services and emoney firms, and the soon to be captured cryptoasset / cryptocurrency / cryptoexchange / cryptowallet providers operating from Ireland.
More here - https://complireg.com/blogs--insights/new-irish-anti-money-laundering-rules-approved-by-government