FATF: Ireland AML/CFT assessment follow-up report

On 12 November, FATF published a follow-up report on the AML/CFT system in Ireland following its mutual evaluation report of 2017.  Since then, Ireland has been in the enhanced follow-up process, and its efforts have resulted in it being uprated in its ratings for a number of Recommendations.  The report also looks at whether Ireland’s measures meet the requirements of FATF Recommendations that have changed since the 2017 mutual evaluation. Ireland is now rated compliant on 17 Recommendations of the 40 FATF Recommendations and largely compliant on 16.  It remains partially compliant on 7 of the 40 Recommendations.  Therefore, Ireland will move from enhanced to regular follow-up and will continue to report back to the FATF on progress to strengthen its implementation of AML/CFT measures. 

http://www.fatf-gafi.org/media/fatf/documents/reports/mer4/Follow-Up-Report-Ireland-2019.pdf

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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