Ireland:
AML Prescribed Countries List Revised
06 November 2012
Mason Hayes & Curran
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Statutory Instrument No 347 of 2012 has been signed into law in
Ireland. This sets out the revised list of countries designated as
places imposing requirements equivalent to the Third Money
Laundering Directive in accordance with Section 31 of the
Criminal Justice (Money Laundering and Terrorist Financing) Act
2012.
This replaces Statutory Instrument No 343 of 2010 and has been
amended to include India and South Korea. Argentina, New Zealand
and the Russian Federation have been removed.
It can be noted that this amendment will be relevant both for
Irish domiciled funds and the non-Irish domiciled funds which are
administered in Ireland and apply Irish anti-money laundering
procedures.
For a link to this Statutory Instrument please click
here
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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