The Anti-Money Laundering Compliance Unit was established in 2010 for the purpose of monitoring compliance with Anti-Money Laundering legislation. The Criminal Justice (Money Laundering and Terrorist Financing) 2010 as amended, consolidated Ireland’s existing anti-money laundering and terrorist financing laws.
The Act establishes the Minister for Justice and Equality as a State Competent Authority and as a Competent Authority for the purposes of securing compliance by certain categories of ‘designated persons’ with statutory requirements to prevent money laundering or terrorist financing.
The Anti-Money Laundering Compliance Unit (AMLCU) has been established within the Department to administer the functions of the competent authority under the Act.
Further information is available on the website www.amlcompliance.ie