New anti-money laundering rules target gambling industry
New anti-money laundering rules targeting the gambling industry, cryptocurrencies and the financing of terrorist organisations are set to be introduced as part of a nationwide crackdown on the criminal act.
New anti-money laundering regulations specifically aimed at the gambling industry, cryptocurrencies, and terrorist financing funding are set to be implemented as part of Ireland's national strategy to combat criminal activities. Finance Minister Simon Harris will unveil these measures during the country's inaugural anti-money laundering strategy, emphasizing that Ireland will not facilitate money laundering.
This strategy, complementing earlier plans and aligning with recent EU laws on the matter, aims to bolster Ireland's defenses against money laundering, terrorist financing, and other criminal activities. Key components of the strategy include enhancing anti-money laundering regulations for cryptocurrency and financial transfers, increasing transparency in company ownership structures, and improving intelligence sharing between government agencies, law enforcement, and financial institutions.
The announcement underscores Ireland's commitment to maintaining its status as a secure and trusted nation for both business and residence.
Written by urgent.news from RTE News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
