Ireland

Reset Filter

Jurisdictions

Industry Sectors

Predicate Crimes

Enforcement

Regulatory Update

7th September 2017

Fintech firm Fenergo hires 300 as banks overhaul compliance

Financial technology firm Fenergo is doubling its staff as banks sign up for its software to “onboard” clients and carry out compliance and due diligence more easily – further evidence of the technology shaking up capital markets. Dublin-based Fenergo is among several fintech firms targeting the “middle office,” where the… Read More

4th September 2017

Ireland: €800,000 cash seized in money laundering operation

Irish police have seized over €800,000 (£732,000), a car and documentation in an operation targeting organised crime. The money was discovered in a car stopped in Naas, County Kildare, by officers from the Drugs and Organised Crime Bureau on Friday night. Read More

22nd August 2017

Sanctions deliver ‘big’ blow to Irish-Russia trade, outlook ‘bleak’

Irish firms have taken ‘a big hit’ as a result of the ongoing tit-for-tat trade war between Russia and the European Union. A senior Irish trade envoy has described the outlook for Irish food exporters as ‘bleak’ after EU-US sanctions on Russia were recently extended until 2018. Read More

24th July 2017

Race fixing and money laundering: how the horse racing industry fights back against criminal cartels

Criminals belonging to a number of Dublin gangs are attempting to use the horse racing industry to move and launder money generated by weapons and drugs sales, the TheJournal.ie has learned. Over the last three months, officers for the Criminal Assets Bureau (CAB) acting on specific intelligence have launched investigations… Read More

24th July 2017

Ireland: regulatory role split in Central Bank move

The Central Bank has made two leadership appointments to its restructured financial regulation division. Ed Sibley has been appointed deputy governor, prudential regulation, complementing fellow deputy governor Sharon Donnery. Meanwhile, Derville Rowland, pictured, has been made director general, financial conduct. Read More

24th July 2017

Ireland: over 23,000 suspected money laundering cases reported

More than 23,000 incidents of suspected money laundering or terrorist financing were notified to the gardaí last year, an increase in reports of 7.5%. Banks, credit unions, and other financial institutions were responsible for the vast majority of 23,308 suspicious transaction reports which were passed to gardaí during 2016. Read More

26th June 2017

Ireland could face millions in claims for failing to properly process personal info

During pre-legislative scrutiny of the general scheme of the Data Protection Bill 2017, an Oireachtas committee heard that Ireland could face millions in claims from citizens if public bodies were to process their personal information illegally, The Irish Times reports. Senior Legal Counsel at the Central Bank of Ireland Denis Kelleher,… Read More

20th June 2017

Theft and tax evasion claims at Limerick Prison probed

Justice Minister Charlie Flanagan has said an internal investigation is ongoing in relation to allegations of misconduct at Limerick Prison, following a whistleblower’s claims of fraud, theft and tax evasion. Speaking at the University of Limerick, Mr Flanagan said he understood that an internal probe had been launched, but he… Read More

16th June 2017

Revenue hires 100 staff in tax evasion crackdown

The Revenue Commissioners has boosted the number of staff focused on audit investigations and tax evasion by 100 since the start of the year. However, almost two-thirds of them will first have to go through a two-year training programme… Read More

31st May 2017

Ireland: Overhaul of Central Bank’s regulatory functions approved

A restructuring of the Central Bank’s financial-regulation structures has been approved. As a result, regulatory functions will be split under two headings: prudential regulation and financial conduct. The purpose of the restructuring is to “ensure the Central Bank is suitably equipped to meet its expanded regulatory mandate”. The structure of… Read More

Must Read

Two former Julius Baer CEOs reprimanded following money laundering inquiry

Former Vatican Banker Convicted of Money Laundering and Embezzlement

Latvian bank allegedly linked to Putin’s pink palace scheme

Italian mafia sweep nets centrist leader, white-collar workers

China Imports Oil Doctored to Skirt U.S. Sanctions on Venezuela