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Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2018 (updated 19 June 2018)Introductory TextActs Referred toPart 1 Preliminary and general (ss. 1-2)1. Short title, commencement and collective citation2. DefinitionsPart 2 Amendment of Act of 2010 (ss. 3-39)3. Amendment of section 2 of Act of 20104. Amendment of section 24(1) of Act of 20105. Amendment of section 25 of Act of 20106. Beneficial owner in relation to bodies corporate7. Amendment of section 27 of Act of 20108. Amendment of section 28 of Act of 20109. Amendment of section 30 of Act of 201010. Risk assessment by designated persons11. Amendment of section 33 of Act of 201012. Electronic money derogation13. Simplified customer due diligence14. Amendment of section 35 of Act of 201015. Examination of background and purpose of certain transactions16. Amendment of section 37 of Act of 201017. Correspondent relationships with third-country respondent institutions18. Enhanced customer due diligence - high-risk third countries19. Enhanced customer due diligence in cases of heightened risk20. Amendment of section 40 of Act of 201021. Functions of State Financial Intelligence Unit22. Amendment of section 42 of Act of 201023. Requirement for designated persons to report transactions connected with high-risk third countries24. Amendment of section 51 of Act of 201025. Amendment of section 52(2)(c) of Act of 201026. Internal policies, controls and procedures27. Amendment of section 55 of Act of 201028. Amendment of section 56 of Act of 201029. Group-wide policies and procedures30. Additional measures where implementation of policies and procedures is not possible31. Relationships between certain institutions and shell banks32. Amendment of section 62(1) of Act of 201033. Defence34. Obligation for certain designated persons to register with Central Bank of Ireland35. Prescribed amounts under section 33AQ of Central Bank Act 1942 in respect of certain contraventions36. Amendment of Schedule 2 to Act of 201037. List of factors which suggest potentially lower risk38. List of factors which suggest potentially higher risk39. RepealsPart 3 Consequential amendments (s. 40)40. Consequential amendments
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Version status: Amended
Version date: 3 July 2018 - onwards
Version 3 of 3

Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2018 (enacted 14 November 2018)

Enacted Bill, signed into law by the President on the 14th November 2018.

This format of the bill is taken from the text of stage 1 published on 26 April 2018 by Dáil Éireann
Introduction of this Bill

An Act to amend the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 to give effect to certain provisions of Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Regulation (EU) 648/2012 of the European Parliament and of the Council, and repealing Directive 2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC, and to provide for related matters.

Sponsor
Minister for Justice and Equality
Source
Government
Originating House
Dáil Éireann
History of this Bill
Date Stage House Document Link
7 November 2018 5 Dáil Éireann Debates From the Seanad
12 October 2018 4 Seanad Éireann Bill amendments Cream List [Seanad amendments to Dáil Bill]
11 October 2018 4 Seanad Éireann Debates Committee and Remaining Stages
11 October 2018 4 Seanad Éireann Bill amendments Numbered List [Seanad]
25 September 2018 2 Seanad Éireann Debates Second Stage
3 July 2018 5 Dáil Éireann Bills As passed by Dáil Éireann
3 July 2018 5 Dáil Éireann Debates Report and Final Stages
3 July 2018 4 Dáil Éireann Debates Order for Report Stage
29 June 2018 3 Dáil Éireann Bill amendments Numbered List [Dáil]
21 June 2018 3 Dáil Éireann Bills As amended in Committee/Select Committee [Dáil Éireann]
19 June 2018 3 Dáil Éireann Bill amendments Numbered List [Dáil]
10 May 2018 2 Dáil Éireann Debates Referral to Select Committee
10 May 2018 2 Dáil Éireann Debates Second Stage
10 May 2018 2 Dáil Éireann Debates Order for Second Stage
26 April 2018 1 Dáil Éireann Explanatory memoranda Explanatory Memorandum
26 April 2018 1 Dáil Éireann Bills As Initiated
This format of the bill is taken from the text of stage 1 published on 26 April 2018 by Dáil Éireann

Introductory Text
Acts Referred to
Part 1 Preliminary and general (ss. 1-2)
1. Short title, commencement and collective citation
2. Definitions
Part 2 Amendment of Act of 2010 (ss. 3-39)
3. Amendment of section 2 of Act of 2010
4. Amendment of section 24(1) of Act of 2010
5. Amendment of section 25 of Act of 2010
6. Beneficial owner in relation to bodies corporate
7. Amendment of section 27 of Act of 2010
8. Amendment of section 28 of Act of 2010
9. Amendment of section 30 of Act of 2010
10. Risk assessment by designated persons
11. Amendment of section 33 of Act of 2010
12. Electronic money derogation
13. Simplified customer due diligence
14. Amendment of section 35 of Act of 2010
15. Examination of background and purpose of certain transactions
16. Amendment of section 37 of Act of 2010
17. Correspondent relationships with third-country respondent institutions
18. Enhanced customer due diligence - high-risk third countries
19. Enhanced customer due diligence in cases of heightened risk
20. Amendment of section 40 of Act of 2010
21. Functions of State Financial Intelligence Unit
22. Amendment of section 42 of Act of 2010
23. Requirement for designated persons to report transactions connected with high-risk third countries
24. Amendment of section 51 of Act of 2010
25. Amendment of section 52(2)(c) of Act of 2010
26. Internal policies, controls and procedures
27. Amendment of section 55 of Act of 2010
28. Amendment of section 56 of Act of 2010
29. Group-wide policies and procedures
30. Additional measures where implementation of policies and procedures is not possible
31. Relationships between certain institutions and shell banks
32. Amendment of section 62(1) of Act of 2010
33. Defence
34. Obligation for certain designated persons to register with Central Bank of Ireland
35. Prescribed amounts under section 33AQ of Central Bank Act 1942 in respect of certain contraventions
36. Amendment of Schedule 2 to Act of 2010
37. List of factors which suggest potentially lower risk
38. List of factors which suggest potentially higher risk
39. Repeals
Part 3 Consequential amendments (s. 40)
40. Consequential amendments
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