Issue 361 (Week ending 04/02/2019)

The EU's 4th Directive on Anti-Money Laundering (AML) - which was transposed into Irish law in November 2018 - requires companies and institutions to adopt a risk based approach to AML compliance, when assessing their existing corporate clients and any ones they on-board in the future.

A Vision-net.ie account is the ideal tool to assist with not only the initial due diligence checks, but also the ongoing monitoring and reviews which are also required.

Vision-net.ie provides you with a gateway to the latest information on Irish, UK and Worldwide company information with new documents being added daily and in real-time. In terms of Irish data, so far this year we've added 78,912 new company documents. These include:

• 8,109 sets of annual returns (with director, secretary and shareholder details)
  
  
• 6,239 change of company director/secretary forms
  
  
• 6,083 sets of new financial accounts (P&L & Balance Sheet details where available)
  
  
• 228 insolvency related documents (appointments of liquidators/receivers)

Added to that, we've also published details of 64 Meetings of Creditors (to appoint a liquidator), 2,457 new company start-ups and 2,312 new businesses.

All of this information, augmented by the other key data streams that we can provide (bad debt judgments, insolvency, revenue default, etc.) ensures that we have the AML solution for you.

To find out more about the option that best suits your business, please contact our compliance specialists on Tel: +353 1 664 1111 or email helpdesk@vision-net.ie today.