Guidelines for Designated Persons supervised by the Anti-Money Laundering Compliance Unit (AMCLU)

Publication of Anti-Money Laundering & Countering the Financing of Terrorism

Today, 28th March 2024, the Anti-Money Laundering Compliance Unit (AMLCU) of the Department of Justice published Anti-Money Laundering & Countering the Financing of Terrorism - Guidelines for Designated Persons supervised by the Anti-Money Laundering Compliance Unit.

The purpose of the Guidelines is to assist those Designated Persons supervised by the AMLCU in understanding and meeting their Anti-Money Laundering and Countering the Financing of Terrorism obligations under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 as amended and related Statutory Instruments.

A copy of these Guidelines can be found below.

Please note: it is the ultimate responsibility of all Designated Persons to ensure that they are compliant with their obligations under the CJA 2010 as amended. These guidelines are intended to assist Designated Persons in their understanding of and compliance with those obligations. The Guidelines do not constitute secondary legislation. Firms must always refer directly to the CJA 2010 when ascertaining their statutory obligations. The Guidelines do not replace or override any legal and/or regulatory requirements. In the event of a discrepancy between these Guidelines and the CJA 2010, the CJA 2010 will apply. The Guidelines are not exhaustive and do not set limitations on the steps to be taken by Designated Persons to meet their statutory obligations.

Feedback

The Anti-Money Laundering Compliance Unit welcomes feedback on these Guidelines. Comments or suggestions on these Guidelines can be sent by email to [email protected]. Feedback received prior to 30 June 2024 shall be considered as part of its first review process that shall be completed within one year after publication.