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AML Documentation

  • 08-04-2011 4:00pm
    #1
    Strongbow10
    Closed Accounts Posts: 2,758 ✭✭✭


    2 purely hypothetical situations here

    1) I am a customer (individual person) hoping to open a bank account in Ireland or abroad. What AML documentation do I have to provide and what documentation is provided by the said bank to me, in order to fill out and return?

    2) I am a business hoping to open an account. What AML docs are needed in this situation?

    Also, what legislation/directives/regulations governs this area in relation to what a bank requires in terms of aml documentation? Is there anywhere a person could do some indepth research on this in terms of future developments etc....

    Cheers in advance


Comments

  • #2
    Strongbow10
    Closed Accounts Posts: 2,758 ✭✭✭Strongbow10


    does anyone have any knowledge on this?


  • #3
    rollout
    Registered Users, Registered Users 2 Posts: 42 ✭rollout


    The Criminal Justice (Money Laundering and Terrorist Financing) Act, 2010 is the legislation that governs the documents a bank requires. It, at last, implemented the Third EU Money Laundering Directive.

    The Financial Regulator website should have Guidance Notes for each financial services sector, the banking version will tell you what is required documentation wise.


  • #4
    Strongbow10
    Closed Accounts Posts: 2,758 ✭✭✭Strongbow10


    rollout wrote: »
    The Criminal Justice (Money Laundering and Terrorist Financing) Act, 2010 is the legislation that governs the documents a bank requires. It, at last, implemented the Third EU Money Laundering Directive.

    The Financial Regulator website should have Guidance Notes for each financial services sector, the banking version will tell you what is required documentation wise.

    Brilliant thanks a million for that


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