Anti-Financial Crime & Financial Crime Compliance
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Central Bank of Ireland issues letter to financial firm CEOs warning that significant AML flaws exist which require attention

The updated law requiring accountability for the origin and destination of client assets brings the cryptocurrency sector in line with other financial services providers. Image: William Murphy

Ireland’s Central Bank has called out financial firms for failures in compliance and implementation of AML measures.

It has published a ‘Dear CEO’ letter to senior figures in all relevant institutions, detailing the flaws it has found after extensive inspection, and what it expects of institutions going forward.

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