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ARTICLE · 14 DECEMBER 2017

Reforms For The Financial Services Industry?

Mason Hayes & Curran LLP
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The Irish Government's "White Collar Crime Package" proposes a range of reforms for the financial services industry.

IrelandFinance and Banking
Rowena Fitzgerald
Rowena Fitzgerald
Emer Gilvarry
Emer Gilvarry
Liam Guidera
Liam Guidera
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The Irish Government's "White Collar Crime Package" proposes a range of reforms for the financial services industry. On closer inspection, it is clear that many of the measures have already been implemented over the past number of years. One of the key new developments, however, is the publication of the​​ Criminal Justice (Corruption Offences) Bill, 2017.

The majority of measures listed in the "White Collar Crime Package" will not come as a surprise to members of the financial services industry. The reforms described in the package include:

  • Enhancing regulatory powers to deal with offences in the financial sector
  • Countering money laundering and corruption

The main action points announced by the Government include:

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