IrelandThe Finance Minister of Ireland announced the intention for the Irish Government to host the new EU Anti-Money Laundering Authority.
Ireland’s Central Bank Deputy Governors Derville Rowland and Sharon Donnery during an industry event announced the agency’s 2023 regulatory and supervisory priorities.
The onward march of artificial intelligence, sweeping anti-money laundering reforms in Britain and the EU, sanctions against Russia and cryptocurrency-related turmoil emerged as frequent topics of discussion at the latest ACAMS annual conference in Europe.
Scotiabank exits AML enforcement action, Japan eyes stronger AML rules for cryptocurrency, and more, in the midweek roundup.
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.
| Technical | Effectiveness |
|---|---|
| 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 |