Tuesday August 4, 2020

To Russia, No Love

With the worlds of politics and business colliding, questions are being asked that go right to the core of our neutrality and our financial services sector. Is Ireland playing Russian roulette?

1st April, 2018
Many of the Russian businesses that ultimately control Irish Section 110 companies are powerful, Kremlin-connected entities Picture: Getty

Jack Horgan-Jones

Minister for Finance Paschal Donohoe has a line he likes to use when he’s asked about Russian-linked IFSC companies.

Quoting a report by the Financial Action Task Force (FATF), he says that “Ireland has a sound and substantially effective regime to tackle money-laundering and terrorist financing”. Which is true – it does say that.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

Conservation group calls for effective regulation as multinationals increase use of on-site gas plants to generate electricity

Killian Woods | 1 week ago

As the online debate on trans issues remains heated, those affected by them in the real world are calling for more support, space and understanding. But are their voices being heard?

Colin Murphy | 1 month ago

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 3 months ago