Designated Property Services Providers – Compliance with the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 as Amended

In 2016 The Minister for Justice and Equality prescribed the Property Services Regulatory Authority (PSRA) as the State Competent Authority for property services providers for the purposes of Part 4 of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010.

As competent authority, the PSRA is tasked with monitoring property services providers who are described as “designated persons” and taking measures that are reasonably necessary for the purpose of securing compliance by property service providers with the requirements of Part 4 of the 2010 Act. 

It is the responsibility of property services providers to interpret and to act in accordance with all relevant anti-money laundering legislation that applies to them. As competent authority, the PSRA provides guidance to property service providers on developing and implementing the relevant policies and procedures necessary to ensure compliance with regulations regarding Anti-Money Laundering/Combatting the Financing of Terrorism (AML/CFT).

 

AML/CFT Policies and Procedures for Property Service Providers

AML/CFT Policies and Procedures for Property Service Providers

Templates for Risk Assessments and Customer Due Diligence

*These templates form the Appendices of the Policies and Procedures above but can be downloaded as individual documents here

AML/CFT Business Risk Assessment

Client Risk Assessment and Customer Due Diligence Checklist for Individual Clients

Client Risk Assessment and Customer Due Diligence Checklist for Corporate Clients

Client Risk Assessment and Customer Due Diligence Checklist for Partnerships

Client Risk Assessment and Customer Due Diligence Checklist for Trusts

Customer Risk Assessment and CDD Checklist for Occasional Transactions (or series of transactions) greater than €15000

 

Other Useful Templates for PSPs

Staff Training Record

Cash Origin Form (for cash greater than €500)

 

AML/CFT Guidance for PSPs

Quick Guide: Key AML/CFT Responsibilities of PSPs

Guidance for Marts RE: Customer Due Diligence

Suspicious Transaction Report Flyer

 

Legislation

Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2018

Criminal Justice Act 2013

Criminal Justice (Money Laundering and Terrorist Financing) Act 2010

 

Further Information

National Risk Assessment For Ireland - Money Laundering and Terrorist Financing