Ethics and governance in the European Financial centers

Financial institutions designated under the Criminal Justice Act, 1994 (the Act) are obliged to take the necessary measures to effectively counteract money laundering in accordance with the provisions of the Act and the relevant sectoral Guidance.
The Financial Regulator, as part of its supervision process, assesses the adequacy of procedures adopted by the institutions, which it supervises to counter money laundering and the degree of compliance with such procedures.
The Central Bank/Financial Regulator is obliged by the Criminal Justice Act 1994 to report to the Garda Síochana and Revenue Commissioners where it suspects that an offence under Section 31 or 31 of the Act has been, or is being, committed by an institution under its supervision (Section 57(2) of the Act).
It is an offence punishable by imprisonment of up to five years or a fine, or both, for the failure of the Central Bank/Financial Regulator to comply with this requirement (Section 57 (5)).

Know more

Criminal Justice Act, 1994, Section 31 (Money laundering, etc)
Criminal Justice Act, 1994, Section 32 (Measures to be taken to prevent money laundering)

Criminal Justice Act, 1994 - Money Laundering as amended (guidance notes for credit institutions)
Criminal Justice Act, 1994 - Money Laundering as amended (guidance notes for financial instititions excluding credit institutions)
Criminal Justice Act, 1994 - Money Laundering as amended (guidance notes for stockbrokers)
Criminal Justice Act, 1994 - Money Laundering as amended (guidance notes for insurance and retail investment products)
Criminal Justice (Terrorist Offences) Act 2005 - Financing of Terrorism