Róisín Shortall
Question:265. Deputy Róisín Shortall asked the Minister for Justice and Equality the steps that have been taken on foot of EU directive EU 2015/849. [2587/18]
View answerTuesday, 23 January 2018
Questions (265)
Written answers
The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2018, which will transpose most provisions of Directive 2015/849/EU (the Fourth EU Money Laundering Directive) has been prepared by my Department and the Office of the Attorney General, in consultation with relevant Departments and agencies. That Bill is in the final stages of drafting and is expected to be published shortly.
The Department of Finance is engaged in transposing Articles 30 and 31 of the Directive, which require each Member State to establish central registers of beneficial ownership information for corporates and other legal entities (companies) and for trusts which generate tax consequences. The provisions of these articles are currently being transposed by way of statutory instruments and are at an advanced stage. It is anticipated that these will be largely concluded by the end of March 2018.