S.L. 373.2 Art. 5Functions of the Committee.

(1) Apart from the functions referred to in article

12A(2) of the Act, the Committee shall also:

(a) conduct any research and studies related to the functions of the Committee;

(b) provide guidance, advice and make recommendations to the Minister, on all matters relevant to the combating of money laundering, funding of terrorism and the financing of the proliferation of weapons of mass destruction;

(c) conduct any necessary follow-up action to monitor and ascertain the effective implementation of the national strategy and policies and the actions intended to address any threats, vulnerabilities and risks identified following the carrying out of national risk assessments and to keep that risk assessment up to date;

(d) make the results of its risk assessments available to the European Commission, the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), the European Securities and Markets Authority (ESMA) as well as the other Member States.