The Criminal Justice (Money Laundering & Terrorist Financing) Act 2010
Under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010, all financial institutions and other designated bodies including credit unions are legally obliged to deter, detect and assist in the prevention of possible money laundering and terrorist financing activity.
To comply with this requirement credit unions are obliged to verify the identity of its members and ensure that all existing accounts are bona fide.
To assist in complying with this requirement your credit union would appreciate if you would make available when requested a form of identification normally used by you in situations when identification is required.
Your assistance and co-operation in this matter is greatly appreciated.
(Issued by the Irish League of credit Unions 2010)
Naomh Breandan Credit Union first opened its doors in 1966. From humble beginnings the credit union has established itself over the years as an institution of the Galway area.
