Ireland: Money-laundering law now captures gambling services

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November 26 2018

Two statutory instruments (SIs) to tackle money laundering have been signed into law.

The SIs commence the provisions of the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2018 and bring gambling service providers within the scope of anti-money laundering legislation.

This completes Ireland’s transposition of the EU’s Fourth AML Directive.

Announcing the commencement of the new act, Justice Minister Charlie Flanagan said: “This legislation is really important. Money laundering is a crime that helps serious criminals and terrorists to function, destroying lives in the process