Criminal Justice (Money Laundering and Terrorist Financing) Act 2010

The Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 is Irish legislation designed to prevent illegal activities like money laundering and terrorism funding. It requires financial institutions and certain businesses to identify their customers, report suspicious transactions, and keep detailed records. The law aims to make it harder for criminals to hide illegally obtained money or fund terrorist activities, promoting transparency and financial security. It also establishes measures for cooperation between authorities and imposes penalties for non-compliance, ensuring a robust framework for safeguarding the integrity of the financial system.