The plain-English AML glossary for Irish firms
Every acronym in the EU AML package and Irish AML law, defined without the jargon — from the AMLR and AMLA to CDD, STRs and beneficial ownership. General information, not legal advice.
EU framework
AMLA (EU Anti-Money Laundering Authority)
AMLA is the EU Anti-Money Laundering Authority, established in Frankfurt by Regulation…
Read definition →AMLD6 (Sixth Anti-Money Laundering Directive)
AMLD6 is Directive (EU) 2024/1640, the institutional layer of the EU’s 2024 AML package.…
Read definition →AMLR (Anti-Money Laundering Regulation)
The AMLR is Regulation (EU) 2024/1624, the EU’s single anti-money-laundering rulebook. It…
Read definition →BORIS (Beneficial Ownership Registers Interconnection System)
BORIS, the Beneficial Ownership Registers Interconnection System, is the EU platform that…
Read definition →Compliance Officer & Compliance Manager (AMLR roles)
The compliance manager and compliance officer are the two AML roles prescribed by the…
Read definition →Obliged entity
An obliged entity is any firm within the scope of the EU Anti-Money Laundering Regulation…
Read definition →The €10,000 EU Cash Cap
The EU cash cap is the limit set by the AMLR on cash payments for commercial…
Read definition →Irish framework
Central Register of Beneficial Ownership of Trusts (CRBOT)
The Central Register of Beneficial Ownership of Trusts (CRBOT) is Ireland’s register of…
Read definition →CJA 2010 (Criminal Justice Act 2010)
The CJA 2010 — the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010,…
Read definition →Designated person
A designated person is any firm or individual regulated for anti-money-laundering…
Read definition →FIU Ireland
FIU Ireland is the national Financial Intelligence Unit, operating within An Garda…
Read definition →Register of Beneficial Ownership (RBO)
The Register of Beneficial Ownership (RBO) is Ireland’s central register of the…
Read definition →Trust or Company Service Provider (TCSP)
A Trust or Company Service Provider (TCSP) is a business that forms companies, provides…
Read definition →Due diligence
Business-Wide Risk Assessment (BWRA)
A Business-Wide Risk Assessment (BWRA) is a regulated firm’s documented assessment of the…
Read definition →CDD (Customer Due Diligence)
Customer due diligence (CDD) is the process AML-regulated firms use to identify a…
Read definition →EDD (Enhanced Due Diligence)
Enhanced due diligence (EDD) is the deeper level of customer due diligence AML law…
Read definition →Know Your Business (KYB)
Know Your Business (KYB) is the process of verifying a corporate client — confirming the…
Read definition →KYC (Know Your Customer)
Know Your Customer (KYC) is the practical process of establishing and verifying who a…
Read definition →Politically Exposed Person (PEP)
A Politically Exposed Person (PEP) is an individual entrusted with a prominent public…
Read definition →Sanctions Screening
Sanctions screening is the process of checking clients, beneficial owners and…
Read definition →Source of Funds
Source of funds means the origin of the specific money used in a particular transaction…
Read definition →Source of Wealth
Source of wealth means how a client accumulated their overall assets — the economic,…
Read definition →Reporting
goAML
goAML is the online portal operated by FIU Ireland, the Financial Intelligence Unit…
Read definition →Money Laundering Reporting Officer (MLRO)
The Money Laundering Reporting Officer (MLRO) is the person within a regulated firm…
Read definition →Suspicious Transaction Report (STR)
A Suspicious Transaction Report (STR) is the formal report a firm files when it knows,…
Read definition →Beneficial ownership
Definitions are general information about EU and Irish anti-money-laundering requirements, not legal advice. Regulatory detail is still evolving through 2026–27 — verify against primary sources before acting.