Director of Enforcement and Anti-Money Laundering, Seána Cunningham
said “It is vitally important that Ireland plays its part in the effective implementation of sanctions to ensure that the sanctions achieve their desired goal.
“In this regard, it is important that all individuals and entities fully understand their obligations under sanctions regulations and their role in effective implementation, which is the purpose of our communication. The adoption of sanctions places legally binding obligations on all individuals and entities and we are requesting that business and professional groups would assist in ensuring that their members are aware of these obligations.”