Ireland: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
IMF Staff Country Reports, February 22, 2007
Source details
- Canonical URL
- Ireland: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
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Bibliographic details
- Published: February 22, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451818840.002
Overview
- Report subject: Observance of Standards and Codes on the Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for Ireland.
- Reporting date for measures assessed: as at July 2005.
- Purpose: summarize AML/CFT measures in place, analyze those measures, and provide recommendations to strengthen aspects of the system.
Scope and coverage
- Focus areas: Anti-money laundering and combating the financing of terrorism (AML/CFT); Crime; Financial regulation and supervision; Legal support in revenue administration; Money laundering; Revenue administration; Terrorism financing.
- Keywords and technical terms preserved from the report: Anti-money laundering and combating the financing of terrorism (AML/CFT), application AML measure, beneficial owner, CFT framework, CFT measure, CFT obligation, CFT regime, CFT requirement, CR, criminal justice, Europe, Irish AML, ISCR, Legal support in revenue administration, ML offence, Money laundering, narcotics offence, offence of Terrorist Financing, Terrorism financing, terrorist offence, TF obligation, TF offence.
Key findings and analysis
- The report provides:
- A summary of Ireland’s AML/CFT measures as of July 2005.
- An analysis of those measures.
- Recommendations on how certain aspects of the system could be strengthened.
- The report sets out Ireland’s levels of compliance with the FATF 40 Recommendations.
Policy recommendations (as presented)
- The report provides recommendations aimed at strengthening aspects of Ireland’s AML/CFT system (recommendation specifics are described in the report body).
Compliance with FATF 40 Recommendations
- The report sets out Ireland’s levels of compliance with the FATF 40 Recommendations (detailed compliance assessments are provided in the report).