On 15 February the Government closed access to Ireland’s so called ‘Golden Visa’ scheme, which in 2022, attracted 1,275 applications from China and 41 from the rest of the world. The official title of the programme is the ‘Immigrant Investor Programme’ (IIP). For AML purposes, such investors must be classified as ‘high-risk’. We understand that applications that had been made prior to 15 February 2023 will still be dealt with on a case-by-case basis.
According to an Irish Times report some of the beneficiaries of the IIP programme included Trinity College Dublin, housing charity iCare, the GAA and Dundrum South Dublin Athletics Club, which alone received €9.36 million in IIP contributions.
ISQM Toolkit training
This is the first time for adoption of this new standard and the various professional bodies have already commenced carrying out spot checks on firms and their implementation of this standard.
We are running a series of one to one private Zoom sessions to explain how it all works in a structured 1hour CPD session on Zoom with a free recording.
In addition, there is a half-day follow-up where we go through the actual Toolkit itself in a 4-hour session to document your risks and responses. We can also proof your final toolkit with suggestions for improvements. Contact firstname.lastname@example.org for more details.
- See our latest Anti-Money Laundering Policies Controls & Procedures Manual (March 2022) – View the Table of Contents click here.
- Also we have an updated AML webinar (March 2022) available here, which accompanies the AML Manual. It explains the current legal AML reporting position for accountancy firms and includes a quiz. Upon completion, you receive a CPD Certificate of attendance in your inbox.
- To ensure your letters of engagement and similar templates are up to date visit our site here where immediate downloads are available in Word format. A bulk discount is available for orders of five or more items if bought together.