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AMLi NEWS: Central Bank of Ireland warns weaknesses persist in firms’ ability to tackle dirty money

By Dan Byrne for AMLi

Big gaps remain in the defences that banks have in place to combat financial crime, a European Central Bank has warned.

Although there has been progress since the last country-wide assessment, the Central Bank of Ireland has said that shortcomings still exist in both frameworks and governance, which inherently make the financial system more vulnerable to bad actors.

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