Tommy is a career Central Banker with over 30-years’ experience across a number roles, including Chief Dealer for the Central Bank’s investment portfolio and numerous leadership roles in prudential supervision. The prudential roles included front line supervision of both domestic and international banks, leadership of supervision of international banks and the creation and leadership of the Inspections Division post the establishment of the Single Supervisory Mechanism. Tommy took up his current role of Head of the Central Bank’s Anti-Money Laundering Division in March 2019. Since then, amongst others he has led the team in its ongoing AML/CFT supervision, the issuance of AML/CFT industry guidance, input to the ongoing discussions on the EU Action Plan, preparation for the supervision of Virtual Asset Service Providers and most recently the administration of financial sanctions. Across all his roles, Tommy has represented the Bank on numerous national and international fora and is currently a member of Ireland’s FATF delegation team. Tommy holds a Bachelor of Commerce (Financial Services) undergraduate degree and two Masters in Business Studies (Finance and Business Practices). Additionally, Tommy is a qualified Executive Coach.
Regulatory Watch News
April 29, 2024 – FINTRAC advisory: Financial transactions related to countries identified by the Financial Action Task Force
Fintrac
High-risk jurisdictions subject to a call for action
The statement on high-risk jurisdictions subject to a call for action identifies jurisdictions for which the FATF has called on its members to either apply countermeasures (Democratic People's Republic of Korea (DPRK), Iran) or enhanced due diligence measures proportionate to the risks arising from the jurisdiction (Myanmar).FinCEN to Host Webinar on Beneficial Ownership Information Reporting Requirements
FinCEN
The Corporate Transparency Act requires many companies doing business in the United States to report information to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) about who ultimately owns or controls them. Join a FinCEN representative for a virtual information session on beneficial ownership information reporting requirements and how to comply with the law. WHAT: Webinar on beneficial ownership information reporting requirements WHEN: Tuesday, April 30, 2 p.m. ET WHERE: www.youtube.com/@fincentreasury
Financial sanctions update: ISIL (Da’esh) and Al-Qaida
OFSI
On 29 April 2024 the Foreign, Commonwealth and Development Office updated the UK Sanctions List on GOV.UK. This list provides details of those designated under regulations made under the Sanctions Act. Enacting the UN’s decision to amend this entry on 25 April 2024, the following entry has been amended under the ISIL (Da’esh) and Al-Qaida financial sanctions regime and remains subject to an asset freeze:
- Sanaullah Ghafari (Group ID: 14169)
Membership
Join NowCorporate License
Find out more about corporate licensesRegulatory Watch
National Supervisors' Fines, Penalties & SanctionsSign Up To Our Newsletter
Categories
- AI (2)
- aml (7)
- Analysis & Opinion (511)
- Australia (43)
- Canada (20)
- Compliance (1,149)
- Compliance News (435)
- Regulatory (377)
- EU (299)
- Featured Article (146)
- Financial Crime (2,943)
- ABAC (54)
- AML (1,351)
- Banking (656)
- CFT (169)
- Financial Services (948)
- Fraud (172)
- Gaming (61)
- Regions (1,142)
- Asia-Pacific (103)
- EU/Europe (776)
- LATAM (28)
- MEA (90)
- North America (202)
- Sanctions (220)
- Insight (34)
- Middle East (20)
- Russia (6)
- Sponsored content (3)
- Tech (467)
- Crypto (373)
- Cyber (41)
- Technology (68)
- UAE (28)
- UK (206)
- US (228)
- Women in FinCrime (298)
- News (271)