Report on Anti-Money Laundering/Countering the Financing of Terrorism and Financial Sanctions Compliance in the Irish Funds Sector issue next week

At an A&L Goodbody seminar on ANTI-MONEY LAUNDERING - THE COMPLIANCE CHALLENGE, Derville Rowland, Director of Enforcement, Central Bank of Ireland noted that the Central Bank of Ireland (Central Bank) expects to issue a Report on Anti-Money Laundering/Countering the Financing of Terrorism and Financial Sanctions Compliance in the Irish Funds Sector next week.

The report will be of interest to all financial and credit institutions. It follows a series of on-site inspections carried out by the Central Bank over the course of 2014 and 2015. Ms Rowland indicated that this report will set out the observations and expectations of the Central Bank in relation to Anti-Money Laundering, Countering the Financing of Terrorism and Financial Sanctions compliance by the funds industry in Ireland.

For more information please contact Nollaig Greene or a member of the Asset Management & Investment Funds Team.

Date published: 13 November 2015