Trust or Company Service Provider (TCSP) Authorisation

The Criminal Justice (Money Laundering and Terrorist Financing) Act, 2010 (CJA2010) contains provisions requiring any person wishing to carry on the business of a Trust or Company Service Provider (TCSP) to obtain an authorisation to do so from the Minister for Justice and Equality. From 3 March 2014, the power to authorise TCSPs that are subsidiaries of credit or financial institutions will transfer to the Central Bank of Ireland.

 

What is a “trust or company service provider”?

“Trust or company service provider” means any person whose business it is to provide any of the following services:

  1. forming companies or other bodies corporate;
  2. acting as a director or secretary of a company under an arrangement with a person other than the company;
  3. arranging for another person to act as a director or secretary of a company;
  4. acting, or arranging for a person to act, as a partner of a partnership;
  5. providing a registered office, business address, correspondence or administrative address or other related services for a body corporate or partnership;
  6. acting, or arranging for another person to act, as a trustee of a trust
  7. acting, or arranging for another person to act, as a nominee shareholder for a person other than a company whose securities are listed on a regulated market.

 

Authorisation Process for TCSPs which are Subsidiaries of Credit or Financial Institutions


The Central Bank is the competent authority in Ireland for the authorisation of TCSPs, which are subsidiaries of credit or financial institutions.

The Central Bank welcomes applications from TCSPs that are subsidiaries of credit or financial institutions within the meaning of the CJA2010. Firms are advised to seek legal advice if in any doubt about whether they require an authorisation.

To apply for authorisation, please complete the form below and submit it in the manner indicated on the form.

TCSP Application Form | doc 695 KB TCSP Application Guidance | pdf 727 KB

Each application must be accompanied by a fee of €130. Please see the application form for further details.

Post-authorisation changes


Any changes to the following must be communicated to the Central Bank, tcsp@centralbank.ie.

  • Change of Director/Senior Manager/Principal Officer within the meaning of the CJA 2010
  • Change in Qualifying Holding
  • Change in Name
  • Change of Address
  • Other changes- If there is uncertainty regarding whether a change constitutes a material change for supervisory purposes you should contact the Anti-Money Laundering Division directly at tcsp@centralbank.ie.

 

Other TCSPs


All TCSPs that are not subsidiaries of credit or financial institutions should continue to apply for authorisation to the Department of Justice and Equality the contact details of which are set out below:

Department of Justice and Equality,
Anti-Money Laundering Compliance Unit,
Floor 2,
94 Stephen's Green,
Dublin 2.

Telephone: 01-6028750

antimoneylaundering@justice.ie