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
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
Other Useful Templates for PSPs
AML/CFT Guidance for PSPs