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Ireland May Launch AML Intelligence-Sharing Taskforce: Sources

By Koos Couvée

If Ireland's temporary mechanism for banks and law enforcement to share intelligence on payment fraud succeeds next year, the government may launch a similar taskforce covering suspected instances of money laundering and terrorist financing, say sources. In a 43-page report this month, the Irish government disclosed plans to set up by the end of the year a "joint agency task force" comprised of investigators, central bankers and "industry representatives" to examine fraud involving invoice redirection, credit cards and other transactions for a 6-month trial period. The pilot taskforce may have a specific goal and timeframe because previous government initiatives, such...

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