Mutual Evaluation of Ireland: 11th Follow-up Report

Publication details




Mutual Evaluation of Ireland: 11th Follow-Up Report

1 MB

Mutual Evaluation of Ireland: 11th Follow-up Report

Ireland was placed in the regular follow-up process as a result of a partially compliant (PC) rating for certain core and key Recommendations in its Mutual Evaluation of Ireland

The June 2013 follow-up report contains a detailed description and analysis of the actions taken by Ireland in respect of all Recommendations rated PC or non-compliant (NC) in the 2006 mutual evaluation report – including the core, the key and all other Recommendations.

Since the adoption of its mutual evaluation report in 2006, Ireland has focused its  attention on:

  • Strengthening the AML/CFT legislative framework with the enactment of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 and the Criminal Justice Act 2013.  Among other provisions, they address:
    • Customer due diligence provisions and other preventive measures, which have been brought into line with the FATF Recommendations.
    • Expanding the scope of the Act by including Trust and Company Service Providers, private members' gaming clubs and barristers.
    • Enhancing a range of measures that are designed to prevent the financial and other sectors from being misused by criminals. 
  • Issuing Guidelines on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing to expand on the provisions of the primary legislation.

In June 2013, the FATF recognised that Ireland had made significant progress in addressing the deficiencies identified in the 2006 mutual evaluation report and could be removed from the regular follow-up process. The decision by the FATF to remove a country from the regular follow-up process is based on Third Round of AML/CFT Mutual Evaluations - Process and Procedures agreed in October 2009.