Gerry Cross, the Director of Financial Regulation Policy and Risk and Investment Banking Supervision at Ireland’s Central Bank, spoke at the A&L Goodbody Corporate Crime and Regulation Summit on emerging financial risks.
The Central Bank of Ireland published a report identifying the following as key risk areas for credit unions: governance risk; credit risk; operational risks, including deficiencies in anti-money laundering processes; business model risk; and investment, liquidity and capital risk.
OFAC to blacklist Lebanese politicians following Beirut explosion, Singapore arrests purported trustee for Wirecard’s fake accounts, and more, in the midweek roundup.
Swiss private lender failed to scrutinize $100 million transfer from Saudi Arabia to Spanish royal, Dutch court may terminate ING’s AML settlement, and more, in this week’s roundup.
The Central Bank of Ireland issued a reprimand and imposed a fine against the Dublin, Ireland-based brokerage firm for five breaches of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010.
The Central Bank of Ireland (CBI) fined the Dublin, Ireland-based firm for its breach of licensing requirements in relation to the failure to submit three operational risk returns to the regulator and failing to establish appropriate internal controls. The CBI found that the firm specifically failed to establish and maintain effective processes and controls to ensure […]
|Compliant : 17||High : 0|
|Largely Compliant : 16||Substantial : 5|
|Partially Compliant : 7||Moderate : 6|
|Non-Compliant : 0||Low : 0|
Ireland's technical compliance was re-rated in a Nov. 12, 2019 follow-up report
|Rank : 106/141|
|Score : 4.46/10|
|Rank : 18/180|
|Score : 74/100|
|Rank : 29/133|
|Score : 48/100|