Finian McGrath
Question:357 Deputy Finian McGrath asked the Minister for Justice, Equality and Law Reform the position regarding the Criminal Justice (Money Laundering) Bill. [35656/07]
View answerWednesday, 19 December 2007
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Written answers
Work is continuing in my Department on the preparation of a General Scheme of a Criminal Justice (Money Laundering) Bill which will update our current legislation in this area and strengthen Ireland's existing anti-money laundering and anti-terrorist financing legal framework. The Scheme will give effect in Irish law to Directive 2005/60/EC known as the Third EU Money Laundering Directive. It will also take into account relevant recommendations arising from the Financial Action Task Force (FATF) third mutual evaluation report (2006) on Ireland's measures to combat money laundering and the financing of terrorism (which have largely been embodied in the Third EU Money Laundering Directive), as well as relevant Council of Europe requirements.
I expect to be in a position to submit the General Scheme to Government for approval early in the new year.