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Belatedly, Ireland Introduces AML Bill to Comply With EU Third Directive
By Brian Monroe
printIrish lawmakers introduced a measure Tuesday that would impose anti-money laundering rules on casinos and company service providers in an effort to bring the country in line with a European directive. The bill comes after a December decision by European officials to threaten sanctions against the country for failing to implement the EU Third Money Laundering Directive, which required member states to strengthen their anti-money laundering (AML) regimes by December 15, 2007. The EU threatened a similar action against Belgium in January of this year. In its December 10 filing, the European Commission criticized Ireland for failing to update its...
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