National risk assessment for Ireland

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October 2016

This is Ireland’s first money laundering and terrorist financing (ML/TF) national risk assessment (NRA), and the aim of this process was to identify, understand and assess the money laundering and terrorist financing risks faced by Ireland. This NRA is also intended to provide the basis for an Action Plan, which, together with the feedback from the FATF Mutual Evaluation Report (MER) and the transposition of the 4th AntiMoney Laundering Directive (4AMLD),1 will lay the ground for further strengthening the Irish anti-money laundering and countering the financing of terrorism (AML/CFT)2 regime.

Ireland is committed to developing and maintaining a risk-sensitive AML/CFT policy and to further deepening and enhancing the collaboration between domestic agencies and authorities to enhance Ireland’s ability to respond to evolving ML/TF risks. A coordinating steering committee, the AML/CFT Steering Committee (AMLSC), has been established to facilitate the collaboration and coordination between national competent authorities, government departments and law enforcement authorities, to ensure the effective combatting of ML/TF.