The Criminal Justice (Money Laundering and Terrorist Financing)(Amendment) Bill

The Government approved the drafting of the Criminal Justice (Money Laundering and Terrorist Financing (Amendment) Bill along the lines of this General Scheme on 20 December, 2016. The Bill will transpose most of the provisions of the 4th EU Money Laundering Directive (4AMLD). The Bill will amend the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 which gave effect to the 3rd EU Money Laundering Directive, and it will also align the provisions with the recommendations of the Financial Action Task Force (FATF).The Partnership Government has published it's new Legislation Programme which sets out the Government's legislative priorities for the first half of 2017. Cabinet has prioritised 31 Bills for publication in this Programme including the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill.

For further information please contacxt Nollaig Greene or your usual contact in A&L Goodbody.