Lane: ‘Massive information gap’ in international IFSC transactions

Lane: ‘Massive information gap’ in international IFSC transactions

The spotlight has been on Ireland after a series of deals were disclosed involving Russian firms raising money through special purpose vehicles registered in the International Financial Services Centre, a move that potentially gets around US and European sanctions

Central Bank governor Philip Lane wants greater disclosure about the activities of companies raising money through Ireland’s financial system, amid concerns that the country is being used to bypass international sanctions.

The governor said Ireland had made moves to make sure that activities in the financial services sector were recorded, but that he would like to see greater transparency from those involved in setting up transactions.

The spotlight has been on Ireland after a...

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