Compliance Inspections


The purpose of an inspection by an Authorised Officer of the AMLCU is to:
 


At inspection Authorised Officers will have identification and a warrant of appointment. They may or may not be accompanied. If accompanied, they may be accompanied by other Authorised Officers, members of An Garda Síochána or other persons considered appropriate by the Authorised Officer.

High Value Goods Dealers

At an inspection of a High Value Goods Dealer (HVGD) the Authorised Officer will: 

 


The type of anti-money laundering records that need to be available at inspection includes:
 


For smaller businesses (e.g businesses with less that 4 sales employees) detailed policies/training manuals may not necessarily be in writing.

Trust or Company Service Providers 

In advance of an inspection the Trust or Company Service Provider (TCSP) will be asked to complete an Anti-Money Laundering Compliance Questionnaire.

At inspection the Authorised Officer will:

 



Tax Advisers/External Accountants (including bookkeepers)

At the inspection the Authorised Officer will:

 



Private Members' Clubs (PMCs)

At inspection the Authorised Officer will:

 


It should be noted that:
 



Follow up to Inspections

After completing the inspection the Authorised Officer will advise of any areas of immediate concern. 

This will be followed by a letter from the State Competent Authority advising of all or any actions needed to be taken to ensure full compliance with the legislation. 

Unless there has been a serious breach that requires immediate action, a reasonable period of time will be given to take whatever action or actions that are required to ensure compliance.

The Authorised Officer may decide to carry out a further inspection at a later date to concentrate on areas of concern identified. 

Failure to comply with any request by an Authorised Officer is an offence under the Act. This could result in a liability, on summary conviction, to a fine not exceeding €5,000 or imprisonment for a term not exceeding 12 months (or both).