Friday June 5, 2020

The fight against dirty money

Ireland has been criticised by international experts for our vulnerability to money laundering, and Garda specialists are well aware of the risk posed by the vast sums moving through our funds sector

Daniel Murray

Business Reporter

@danieltmurray
8th September, 2019

When Ulster Bank was fined €3.325 million for having poor anti-money laundering systems in place in 2016, Derville Rowland was perfectly clear about the risks involved.

“Weaknesses in anti-money laundering controls expose the Irish and global financial system to abuse and threaten to undermine its stability,” the then director of enforcement with the Central Bank said.

Having successfully overseen a series of similar enforcement cases in recent years, Rowland is now the watchdog’s director...

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