FATF's most recent AML/CFT assessment of Ireland is overwhelmingly positive. Specifically, Ireland is praised for its "coordination, cooperation and the use of financial intelligence..."
As with many regions, the primary shortfall is the number of resources available and dedicated to ML investigations, though the sheer volume of illicit financial activities creates a sustained resource shortage globally, which is unlikely to be resolved without mass investment in detection and prevention technology.
Generally, Ireland has a good understanding of the money laundering and terrorist financing risks it faces. It has broadened this understanding to relevant agencies and the private sector through effective national cooperation and coordination. Ireland’s national risk assessment demonstrated an appreciation of the risks it could face from beyond its borders, but given its position as an important regional and international financial centre, it could further refine its understanding of international money laundering risks.