Brian Keegan: Money-laundering laws won’t work without sanctions for individuals

New criminal justice legislation will bring Ireland in line with EU, but it‘s only the first step

21st March, 2021
Brian Keegan: Money-laundering laws won’t work without sanctions for individuals
The new legislation will bolster the existing money laundering laws by widening and deepening the duties of care for the likes of tax advisers

President Michael D Higgins is expected to soon sign a piece of criminal justice legislation to bring Ireland into line with EU initiatives to combat money-laundering.

Successful approaches to criminality must tackle both the crime itself, ie, where the money came from, and serve to limit the use of the proceeds. There is no point in stealing or extorting money if it cannot be spent.

Anti-money laundering initiatives are not new to this country. A...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

Vizor targets €18m in revenue this year after takeover by global firm

Problems at Dolphin Trust were revealed in 2019, recording shows

BNY Mellon takes bet on cryptocurrencies with new digital innovation hub

Prepaid Financial Services’ parent says Central Bank’s concerns may affect European business