The Central Bank of Ireland published an anti-money laundering bulletin focused on the virtual asset service provider sector, highlighting observations from the applications of a significant number of firms seeking registration.
The Council of Europe’s Group of States against Corruption published a second compliance report following its fourth evaluation report on Ireland’s efforts to tackle corruption.
Ireland fines Danske Bank, White House considers Bank Secrecy Act revisions, and more, in the weekly roundup.
Already fined or reprimanded in Estonia, Norway, Sweden and back home in Denmark, Danske Bank on Thursday became the first company in three years to draw an anti-money laundering penalty in Ireland after failing to screen hundreds of thousands of payments.
The Central Bank of Ireland issued a reprimand and imposed the €1,820,000 fine against the Copenhagen, Denmark-based bank for breaches of the Criminal Justice (Money Laundering & Terrorist Financing) Act 2010, as amended.
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.
|Compliant : 17||High : 0|
|Largely Compliant : 17||Substantial : 5|
|Partially Compliant : 6||Moderate : 6|
|Non-Compliant : 0||Low : 0|
Ireland's technical compliance was re-rated in a Feb. 10, 2022 follow-up report
|Rank : 24/110|
|Score : 4.45/10|
|Rank : 20/179|
|Score : 72/100|
|Rank : 29/133|
|Score : 48/100|