Ireland

Member since 1991

Since the 2017 assessment of the effectiveness of Ireland's measures to combat money laundering and terrorist financing and their technical compliance with the FATF Recommendations, the country has reported on the progress it has made in strenghtening its measures. 

Today, Ireland is compliant on 17 Recommendations of the 40 Recommendations and largely compliant on 17 of them. It remains partially compliant on 6 of the 40 Recommendations.

Ireland will continue to report back to the FATF on progress to strengthen its national framework.  

Ireland's progress in strengthening measures to tackle money laundering and terrorist financing

9 Feb 2022

This follow-up report sets out the progress that Ireland has made in improving its level of compliance with the FATF standards, since their 2017 mutual evaluation and 2019 follow-up report.
Find out more 2019 Follow-up report
Ireland Follow-Up Report 2022
Heads of Delegatoin

Lead Ministry/Authority in the FATF Delegation

Department of Finance

 

Observer

In 2017, the FATF assessed the effectiveness of Ireland's measures to combat money laundering and terrorist financing, and their compliance with FATF Recommendation. The report concluded that Ireland has a sound and substantially effective regime to tackle money laundering and terrorist financing, but that the country could do more to obtain convictions and demonstrate its effectiveness in confiscating proceeds of crime.

Ratings

Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

Ireland Follow Up report - 2022

4th Round

R.1 - Assessing risk & applying risk-based approach
LC
R.2 - National cooperation and coordination
C
R.3 - Money laundering offence
C
R.4 - Confiscation and provisional measures
C
R.5 - Terrorist financing offence
LC
R.6 - Targeted financial sanctions related to terrorism & terrorist financing
PC
R.7 - Targeted financial sanctions related to proliferation
PC
R.8 - Non-profit organisations
PC
R.9 - Financial institution secrecy laws
C
R.10 - Customer due diligence
LC
R.11 - Record keeping
LC
R.12 - Politically exposed persons
C
R.13 - Correspondent banking
PC
R.14 - Money or value transfer services
LC
R.15 - New technologies
LC
R.16 - Wire transfers
C
R.17 - Reliance on third parties
LC
R.18 - Internal controls and foreign branches and subsidiaries
LC
R.19 - Higher-risk countries
LC
R.20 - Reporting of suspicious transactions
C
R.21 - Tipping-off and confidentiality
C
R.22 - DNFBPs: Customer due diligence
LC
R.23 - DNFBPs: Other measures
LC
R.24 - Transparency and beneficial ownership of legal persons
LC
R.25 - Transparency and beneficial ownership of legal arrangements
LC
R.26 - Regulation and supervision of financial institutions
C
R.27 - Powers of supervisors
C
R.28 - Regulation and supervision of DNFBPs
LC
R.29 - Financial intelligence units
C
R.30 - Responsibilities of law enforcement and investigative authorities
C
R.31 - Powers of law enforcement and investigative authorities
C
R.32 - Cash couriers
PC
R.33 - Statistics
PC
R.34 - Guidance and feedback
C
R.35- Sanctions
LC
R.36 - International instruments
C
R.37 - Mutual legal assistance
C
R.38 - Mutual legal assistance: freezing and confiscation
LC
R.39 - Extradition
C
R.40 - Other forms of international cooperation
LC

C = compliant   |   LC = largely compliant     |   PC = partially compliant   |   NC = non-compliant

Effectiveness

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.

Ireland Mutual Evaluation - 2017

4th Round

IO1
SE
IO2
SE
IO3
SE
IO4
ME
IO5
ME
IO6
SE
IO7
ME
IO8
ME
IO9
ME
IO10
ME
IO11
SE

HE = high level of effectiveness   |   SE = substantial level of effectiveness    |   ME = moderate level of effectiveness   |   LE = low level of effectiveness

Other related content

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    Ireland's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report sets out the progress that Ireland has made in improving its level of compliance with the FATF standards, since their 2017 mutual evaluation and 2019 follow-up report.

  • 12 Nov 2019

    Ireland's progress in strengthening measures to tackle money laundering and terrorist financing This follow report analyses Ireland’s progress in addressing the technical compliance deficiencies identified in its 2017 Mutual Evaluation.

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  • 16 Jun 2006

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