Anti-money laundering

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This subtopic provides guidance on the principal money laundering offences in Ireland and explores key elements regarding the registration of VASPs in Ireland. It also provides an overview of the European Commission Action Plan for a Comprehensive EU policy on Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) and an introduction to the supranational AML/CTF framework for financial services. This subtopic includes an EU sanctions tracker in relation to the Conflict in Ukraine and a general overview of AMT/CTF with appropriate links and resources.

This subtopic contains the following guidance:

  1. •

    Practice Note: Ireland—Money laundering offences and regulation examines the principal

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Latest Ireland - Banking & Financial Services News

ESMA updates Q&As on MiCA and UCITS Directive

The European Securities and Markets Authority (ESMA) has published updated questions and answers (Q&As) on the Markets in Cryptoassets Regulation (Regulation (EU) 2023/1114) (MiCA) and the Undertakings for Collective Investment in Transferable Securities Directive (Directive 2009/65/EC) (UCITS). The impacted MiCA Q&As are: (1) ‘Staking on own account’ and (2) ‘Pre-funding clients’ orders with clients’ cryptoassets’. The impacted UCITS Directive Q&A is ‘Performance fees for feeder funds’.

European Commission seeks views on Solvency II proposals

The European Commission is seeking feedback on its review of the Solvency II Delegated Regulation. The Commission is seeking feedback regarding changes to the technical rules governing the valuation of insurers’ liabilities, the calculation of solvency requirements, reporting and disclosure obligations, group supervision, and other related areas. Responses are sought by 5 September 2025.

Council outlines position on proposed regulation to streamline financial services reporting

The Council of the EU, in its position adopted at first reading on 8 July 2025 on the proposed regulation amending the ESRB Regulation, the EBA Regulation, EIOPA Regulation, the ESMA Regulation, the SRM Regulation, the InvestEU Programme Regulation and the AML Authority Regulation (Regulations (EU) 1092/2010, 1093/2010, 1094/2010, 1095/2010, 806/2014, 2021/523 and 2024/1620), set out its reasons for supporting the proposal. It stated that the position reflects the outcome of negotiations with the European Parliament and supports the objective of ensuring that reporting requirements in the financial services and investment sectors are proportionate, streamlined and effective. The Council also noted that the proposal aims to reduce administrative burdens, avoid duplication and improve the efficiency of supervisory data collection.

ESMA  publishes overview of MiCA level 2 and level 3 measures

The European Securities and Markets Authority (ESMA) has published a table containing an overview of Level 2 and Level 3 measures related to Regulation (EU) 2023/1114 Markets in Crypto-Assets (MiCA). The table sets out the article if MiCA to which the level 2 or 3 measure relates, the type of measure in question, the issuing European Supervisory Authority, a description of the measure in question, the date it was published and links to each of the measures.

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