Frances Fitzgerald (Dublin Mid West, Fine Gael) | Oireachtas source

The Bill creates the conditions for a new type of barrister to emerge, namely, one who chooses to provide his or her legal services outside the traditional Law Library model. In that context, the amendment provides that the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 will be amended to allow the legal services regulatory authority to become the designated authority in monitoring for money laundering compliance regarding that new group of barristers. The Act of 2010 will remain unchanged in all other ways and, appropriately, the Law Society’s and Bar Council’s functions regarding money laundering compliance for their own members will also remain unchanged.