Ireland
Regulatory framework
Introduction
Ireland, following the path of its European counterparts, owes its regulatory regime in the field of money laundering prevention to the work carried out by the European Directives in this area. Its main rule in this matter is the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010; and to this can be added the various decrees that help implement the rule.
Financial Intelligence Unit
The competent Financial Intelligence Unit in Ireland is the Garda National Economic Crime Bureau
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Obligated subjects
The legal regime of Ireland regarding the prevention of money laundering and terrorist financing establishes certain persons and entities as obliged entities based on the economic activity they undertake.
Among these subjects, credit institutions and banks, insurance companies, cryptocurrency trading platforms, art dealers, as well as lawyers and tax advisers are highlighted.
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> PEPs
Introduction
The regulatory framework for politically exposed persons in Germany is provided by the Irish law, Criminal Justice (Money Laundering and Terrorist Financing) Act 2010.
In addition, consideration must be given to the list issued by the European Commission in application of article 20 bis of the Directive 2015/849.
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Definition of PEP
The regulations of Ireland define the following positions as politically exposed persons:
- The President, the Prime Minister, government ministers and Secretaries of State.
- Members of the Irish Parliament.
- Members of the Irish Senate.
- Members of the governing body of a political party.
- Justices of the Supreme Court.
- The Council of the Central Bank of Ireland.
- The Ambassador, the Chargé d'affaires or high military personnel.
- The Director, the Deputy Director or members of the board of an international organisation.
- Anyone who holds a position or post in a public entity whose remuneration is at least equal to the lowest corresponding to the post of Deputy Secretary General.
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Duration of PEPs
When politically exposed persons have ceased to perform their duties, obligated subjects will continue to apply the measures planned for this type of clients for a minimum period of one year.
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Included lists
PEPs
- Houses of the Oireachtas website
- Site of the President of Ireland
- Transparency portal of Ireland
- Site of the Government of Ireland
- Ireland's National Police and Security Service
- Site of the Ombudsman
- The Courts Service of Ireland
- The Supreme Court of Ireland - Members
- Central Bank of Ireland - Members
- Department of Foregin Affairs - Diplomatic List
- Irish Defense Forces - Members
- Judiciary of Ireland Website
- Official Website of the Supreme Court of Ireland
- Website of the Auditor General of Ireland