IRELAND: AML/CFT ASSESSMENT UPDATE REPORT

On 10 February, FATF issued a follow-up report on Ireland following its original assessment in 2017.  It says that FATF has now re-rated the country on Recommendations 22 (DNFBP: Customer due diligence), from partially compliant, to largely compliant. The report also looks at whether Ireland’s measures meet the requirements of FATF Recommendations that have changed since the 2017 mutual evaluation and 2019 follow-up report.  The FATF agreed to maintain the rating of largely compliant for Recommendation 15 (New Technologies).  Hence, Ireland is compliant on 17 Recommendations of the 40 Recommendations and largely compliant on 17 of them. It remains partially compliant on 6 of the 40 Recommendations.  Ireland will continue to report back to the FATF on progress to strengthen its implementation of AML/CFT measures.  

https://www.fatf-gafi.org/media/fatf/documents/reports/fur/Follow-up-report-Ireland-2022.pdf

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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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