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

The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2018 (the “2018 Act”) commenced on 26 November 2018. The Act amends the Criminal Justice(Money Laundering and Terrorist Financing) Act 2010 (the “2010 Act”) to incorporate the

requirements of the Fourth EU Money Laundering Directive (“4MLD”) into the existing legislative framework.

Our regulatory update highlights areas of particular relevance to the Funds Industry, including requirements around risk assessments, customer due diligence and transaction monitoring.