The law in Ireland on anti-money laundering (AML) and the countering of the financing of terrorism (CFT) is governed by The Criminal Justice (Money Laundering and Terrorist Financing) Act 2010, as amended by Part 2 of the Criminal Justice Act 2013 (“the Act”).
Operating as a payment institution requires licence from Central Bank in Ireland. The Central Bank is the body responsible for the authorisation of payment institutions pursuant to the European Communities (Payment Services) Regulations 2009 ('the Regulations').
ABM Global Compliance will assist you or your business to obtain the relevant Licence from the Central Bank of Ireland by designing a suitable Structural Organisation.
Central Bank of Ireland requires Money Services Businesses to adopt a written AML Compliance Program that is reasonably designed to ensure proper recordkeeping and reporting of certain transactions, and to prevent the business from being used to launder money.
ABM Global Compliance provides the compliance advisory service and audit on the overall activities of a Money Transfer Business in Ireland.
The scope of our compliance advisory service and Internal Audit are:
The UK handles up to 36% of all transactions, making the country the most important currency exchange centre in the world.
We works closely with the businesses involved in Consumer Credit and Corporate Finance activities to process their Authorisation