Virtual Asset Service Providers Become Subject to Registration Requirements and AML/CTF Obligations
On 23 April 2021, provisions of the Fifth Anti-Money Laundering Directive (5AMLD) were transposed into Irish law and the new legislation requires virtual asset service providers (VASPs) operating in Ireland to register with the Central Bank of Ireland and to comply with obligations under the anti-money laundering and countering financing of terrorism regulatory regime.

 

Virtual asset service providers (VASPs) are now subject to anti-money laundering and counter terrorist financing (AML/CTF) requirements introduced by the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 (the Act).

This briefing provides an overview of AML/CTF obligations introduced by the Act such as:

  • registration with Central Bank of Ireland as a VASP,
  • compliance with AML/CTF obligations,
  • fitness and probity obligations and
  • your next steps as a VASP. 

Click here or on the image below to download our briefing. 

VASP become subject to registration requirements

Key Contacts

Shane Kelleher Partner

Louise McNabola Partner

Patricia Taylor Partner

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