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Financial Institutions

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Expertise

Matheson’s "outstanding" team is "dedicated and efficient", and "certainly one of the best".
European Legal 500

Financial institutions are operating in a dynamic and rapidly changing environment. As a consequence of the global financial crisis and more recently Brexit and the Covid-19 pandemic, governments and regulators have become much more proactive with a view to improving oversight, regulation and protection of the consumer. As a consequence, the regulatory landscape has fundamentally changed and operations, structure and location of regulated businesses are continuously being adapted in response to these developments.

At Matheson we believe that your professional advisers should give you a commercial advantage in dealing with these changes. We have worked extensively over many years with a broad range of the largest financial institutions, including leading domestic firms and “brand name” multinationals including banks, insurers, investment services as well as Fintech and payment firms.

We continually look to use the breadth and depth of our experience to benefit our clients. In our view, dedicated teams with extensive industry sector knowledge offer the best value for clients.

Our Financial Institutions Group unites lawyers with extensive industry experience, corporate transactional experience and regulatory knowledge who are solely focused on financial institutions.

The key areas of our practice can be broadly summarised as follows:

Central to the success of our team is our excellent relationship with the Central Bank of Ireland.

Thought leadership

Thought leadership is particularly important to the Financial Institutions Group as we believe it is as important to shape public policy as it is to advise on it. We regularly make formal and informal submissions to the Central Bank, Department of Finance and other State bodies. Group members regularly write, speak and organise seminars/webinars on topics that are important to our clients. We consistently update our clients on developments in the area of financial services through our much praised FIG Forum. To subscribe, please click here. 

Collaboration

At Matheson the financial services sector is the largest single sector of our practice. The Financial Institutions Group works with many of Matheson’s market leading teams including teams in Finance and Capital Markets, Asset Management and Investment Funds, Aviation Finance and Transportation, Structured Finance and Securitisation, Tax, Restructuring and Insolvency and Financial Services Litigation.

 

Our Team

The Matheson AML Toolkit – April 2021

Apr 30, 2021, 11:47 AM
On 23 April 2021, the long awaited Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 (“2021 Act”) was commenced. The 2021 Act transposed the Fifth Anti-Money Laundering Directive (Directive (EU) 2018/843) into Irish Law by amending the Criminal Justice Money Laundering and Terrorist Financing Act 2010 (the “2010 Act”), the core legislation pertaining to Anti Money Laundering and Countering the Financing of Terrorism (“AML / CFT”) in Ireland.
Title : The Matheson AML Toolkit – April 2021
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Engagement Time : 6
Insight Type : Article
Insight Date : Apr 30, 2021, 11:47 AM

On 23 April 2021, the long awaited Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 (“2021 Act”) was commenced. The 2021 Act transposed the Fifth Anti-Money Laundering Directive (Directive (EU) 2018/843) into Irish Law by amending the Criminal Justice Money Laundering and Terrorist Financing Act 2010 (the “2010 Act”), the core legislation pertaining to Anti Money Laundering and Countering the Financing of Terrorism (“AML / CFT”) in Ireland. 

Matheson recognises the significance of these changes for both our existing and newly impacted clients and we have updated our ever popular, client resource, The Matheson AML Toolkit (the “Toolkit”) to assist you in navigating through these changes and what they mean for your firm.

Click here for the most up to date version of the Matheson AML Toolkit, a guide to AML in Ireland.

Of particular benefit is the inclusion of a consolidated version of the 2010 Act reflecting all changes to same brought about since enactment. We have also included a marked up version of the consolidation, focusing on the changes to various sections brought about by the 2021 Act.

The Toolkit also includes overviews and commentary of other important AML / CFT developments at Irish, European and International level.

We hope you find The Matheson AML Toolkit useful and that it becomes your go-to resource for AML in the future. Should you have any queries in respect of the materials included in The Matheson AML Toolkit, please do not hesitate to contact any of the AML team.

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