Government launches bid to host new anti-money laundering body in Dublin’s IFSC
New body is being established to counter money laundering and financial terrorism across the European Union
The government has launched Ireland’s bid to become the location of the EU’s new Anti-Money Laundering Authority.
The new body is being established to counter money laundering and financial terrorism across the European Union and will supervise entities in both the financial services sector and in the non-financial sector.
The institution is due to be established in 2024, although it is not expected to be fully operational until 2026 or 2027.
It is expected that ...