Mar 2016 | Fourth Anti-Money Laundering Directive -Public consultation on Member States discretions

The Department of Finance/Department of Justice recently conducted a joint consultationon Member States discretions on the transposition of the 4th EU Anti-Money Laundering Directive and Funds Transfer Regulation “the AML Package”.

The Directive includes requirements to have central registers of the beneficial ownership of trusts and of corporate and legal entities.

To read STEP’s commentary, see here

To see the Institute of Tax response, see here

Aileen Keogan contributed to the Law Society submission on the Directive consultation - issues included beneficial ownership and solicitor client account.  For more details, see here

For details on the Directive, see our previous commentary,  here and here

Also, see this firm’s article on Regulatory and Reporting Issues for Private Client Practitioners published in 2015 here


Aileen Keogan | Solicitor & Tax Consultant | 21 The Avenue | Louisa Valley | Leixlip | Co. Kildare | Ireland

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