AML Registration Requirement
Are you currently providing any of the following services:
- External accountancy services including book-keeping?
- Taxation services?
- Trust and company services?
If you do and you are a CPA member, you may need to register with the Institute of Certified Public Accountants in Ireland for supervisory purposes under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (the Act)
The Act provides for the supervision of all “designated persons”.
“Designated persons” coming under the supervision of the Institute of Certified Public Accountants in Ireland include those members who are auditors, external accountants, tax advisers or trust company service providers.
Those members currently holding CPA practising certificates will continue to be supervised under the Institute’s Quality Assurance programme and will not need to register for this purpose.
The Institute is obliged to register such members and supervise them for the purposes of the Act. If you currently provide such services please notify the Professional Standards Department of the Institute outlining the nature of the services that you provide.
If you have any queries please contact Iris Meade in Professional Standards or phone 01 4251040.