Ireland:
Ireland FinTech Update: AML Registration For Virtual Asset Service Providers
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Virtual Asset Service Providers ("VASPs") in Ireland
are now required to comply with Anti-Money Laundering and
Countering the Financing of Terrorism ("AML/CFT")
obligations. VASPs are required to register with the Central Bank
of Ireland for AML/CFT purposes. These aspects of the European
Union's Fifth Anti-Money Laundering Directive were transposed
into Irish law with effect from the 23rd of April 2021 by way of
the Criminal Justice (Money Laundering and Terrorist Financing)
(Amendment) Act 2021. Please read our advisory below which outlines
the legislative requirements and practical details from the new
Central Bank VASP registration webpage.
Click here to view
advisory
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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