When & Where
The Anti-Money Laundering Compliance Unit (AMLCU) is a state competent authority under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 as amended (the Act). The Act imposes certain legal obligations on certain individuals referred to as ‘designated persons’ requiring them to safeguard their business from being used for money laundering or terrorist financing.
The AMLCU supervises a number of different cohorts of ‘designated persons’ to ensure they are fulfilling their anti-money laundering and counter terrorist financing requirements under the Act. These cohorts include High Value Goods Dealers (car dealers, jewellers, gold bullion dealers, antique dealers etc.), Trust or Company Service Providers, gambling service providers (retail, online and on-course providers), Private Members’ Clubs, traders in high value art, tax advisors and external accountants.
The compliance monitoring is carried out by Regulatory Investigators and is primarily achieved through conducting inspections on designated persons to determine if they are meeting their obligations under the Act.
In support of this process, the AMLCU is hosting a series of clinics throughout the country to raise awareness of the Act and assist designated persons in meeting their legal obligations. The first of these clinics is scheduled for Thursday 30th March 2023 in the Crowne Plaza Hotel Dundalk, Co Louth (note that pre-registration for attendance at this event is required as attendees will be allocated a timeslot) and will provide an opportunity for relevant persons to speak directly with AMLCU officials on a range of matters relating to the Act.
As such, this represents a valuable opportunity for your members/affiliates in the Dundalk Co. Louth region who fall under the AMLCU’s supervision.
More InformationPhone: 087 341 7001