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ARTICLE · 23 JULY 2025

FIG Top 5 At 5 - 10/07/2025

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On 2 July 2025, the Central Bank of Ireland ("Central Bank") published a settlement notice ("Settlement Notice") in respect of Swilly Mulroy Credit Union ("Swilly Mulroy") for breaches of the Criminal Justice...

IrelandFinance and Banking
Darren Maher
Darren Maher
Joe Beashel
Joe Beashel
Gráinne Callanan
Gráinne Callanan
Caroline Kearns
Caroline Kearns
Elaine Long
Elaine Long
Niamh Mulholland
Niamh Mulholland
Ian O'Mara
Ian O'Mara
Claire Scannell
Claire Scannell
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1. Central Bank Updates: (1) Central Bank announces enforcement action against credit union for breaches of Anti-Money Laundering requirements (2) Central Bank publishes updated appropriate and sustainable ARAs re CCMA (3) Central Bank Act 1942 (section 32d) (Certain Financial Vehicles Dedicated Levy) (Amendment) Regulations 2025 published in Iris Oifigiúil

Central Bank announces enforcement action against credit union for breaches of Anti-Money Laundering requirements

On 2 July 2025, the Central Bank of Ireland ("Central Bank") published a settlement notice ("Settlement Notice") in respect of Swilly Mulroy Credit Union ("Swilly Mulroy") for breaches of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 ("2010 Act"), and the Credit Union Act 1997, as amended ("1997 Act"), between January 2014 and June 2021.

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