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AML & Financial Regulation

GRC.ie > AML & Financial Regulation

Financial crime and money laundering pose significant risks to the integrity of Europe’s financial system. In response, the EU has developed one of the most robust Anti-Money Laundering (AML) frameworks in the world, with a dedicated Anti-Money Laundering Authority (AMLA) now established to oversee uniform enforcement across Member States.

The regulatory environment is evolving rapidly, with the 6th AML Directive, updates to the EU AML package, and expanded supervisory powers. Obligations now extend beyond banks to cover a wide range of financial institutions, virtual asset service providers, and other regulated entities.

For organisations, this means moving beyond “checklist compliance” to building robust AML governance structures, embedding oversight into culture, and ensuring readiness for regulator scrutiny.

Scope & Obligations

1) Customer due diligence and beneficial ownership transparency.
2) Record-keeping and suspicious transaction reporting.
3) Enhanced measures for politically exposed persons (PEPs).
4) Stronger criminal liability for money laundering offences.

1) Centralised EU supervision for high-risk institutions.
2) Coordination across national regulators.
3) Power to issue binding decisions, penalties, and inspections.

1) Application of AML obligations to crypto assets and virtual asset service providers.
2) Cross-border transaction monitoring requirements.

Our Services

  • Review current AML frameworks against EU directives and AMLA expectations.
  • Identify weaknesses in governance, oversight, and reporting.
  • Map roles and responsibilities across leadership, compliance, and operations.
  • Build AML governance structures with clear board-level accountability.
  • Design AML risk assessments and risk-based approaches.
  • Develop policies for transaction monitoring, record-keeping, and suspicious activity reporting.
  • Ensure alignment with ESG and wider GRC frameworks for consistency.
  • Roll out AML policies and training programmes.
  • Support design of monitoring systems (manual or automated).
  • Develop escalation pathways and regulatory reporting workflows.
  • Prepare documentation and controls for regulator inspections.
  • Conduct mock supervisory reviews to test readiness.
  • Provide ongoing advisory as AML rules evolve.
  • Periodic independent reviews to ensure frameworks remain effective.

Implementation Best Practices

Embed board accountability – regulators increasingly expect senior management to be personally accountable for AML breaches.
Adopt a risk-based approach – focus resources on high-risk areas rather than blanket controls.
Maintain centralised records – ensure beneficial ownership and transaction data are accurate, accessible, and secure.
Maintain centralised records – ensure beneficial ownership and transaction data are accurate, accessible, and secure.
Integrate with wider GRC – AML controls work best when embedded in the organisation’s broader governance and compliance framework.

Why GRC.ie

AML is no longer a back-office compliance function – it is a core governance and trust issue.

At GRC.ie, we provide:

  • Strategic AML advisory – focusing on governance, oversight, and regulatory alignment.
  • Tailored frameworks – adapted to your sector, size, and risk profile.
  • Cross-border expertise – ensuring compliance with EU directives and global AML obligations.

We focus on building resilient governance structures that allow your organisation to demonstrate compliance confidently and effectively.

With GRC.ie, AML compliance becomes a strength, not a burden – protecting your organisation’s reputation, enabling sustainable growth, and reinforcing trust with regulators, investors, and clients.