Dáil Éireann Debate, Thursday - 5 February 2026
183. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance to provide a sectoral breakdown, for each of the past five years, of anti-money laundering and know-your-customer supervisory inspections carried out by the Central Bank of Ireland, distinguishing between credit institutions, investment funds, fund service providers, and other financial institutions. [9063/26]
View answerI am advised by the Central Bank of Ireland that it implements a risk-based approach to Anti Money Laundering (AML) and Counter Financing of Terrorism (CFT) supervision of credit and financial institutions. Effective risk-based supervision entails identifying money laundering ('ML') and terrorist financing ('TF') risks and supervising firms commensurate with the risks identified and taking necessary action to bring about compliance.
All credit and financial institutions must comply with their statutory obligations and must be able to demonstrate to the Central Bank how they have complied.
The Central Bank conducts on-site inspections and other supervisory engagements across the financial sector to effectively monitor that there is compliance and effective implementation of the relevant statutory obligations.
Accordingly, a sectoral breakdown of inspections for each of the last five years is provided in the attached spread sheet.
|
- |
2021 |
|
Sector |
Count |
|
Credit Instituions |
12 |
|
Investment firms |
2 |
|
Fund Service Providers |
5 |
|
Other Financial Institutions |
15 |
|
Total |
34 |
|
- |
2022 |
|
Sector |
Count |
|
Credit Institutions |
7 |
|
Investment Firms |
3 |
|
Fund Service Providers |
3 |
|
Other Financial Institutions |
13 |
|
Total |
26 |
|
- |
2023 |
|
Sector |
Count |
|
Credit Institutions |
9 |
|
Investment Firms |
0 |
|
Fund Service Providers |
3 |
|
Other Financial Institutions |
20 |
|
Total |
32 |
|
- |
2024 |
|
Sector |
Count |
|
Credit Institutions |
8 |
|
Investment Firms |
1 |
|
Fund Service Providers |
1 |
|
Other Financial Institutions |
15 |
|
Total |
25 |
|
- |
2025 |
|
Sector |
Count |
|
Credit Institutions |
7 |
|
Investment Firms |
3 |
|
Fund Service Providers |
2 |
|
Other Financial Institutions |
11 |
|
Total |
23 |
