Following a pilot exercise in 2020, the Commission has made permanent and extended to all sectors its exit interview programme for individuals who held Money Laundering Reporting.
On 16 December 2020, the Central Bank of Ireland
(
Letter ) highlighting anti-money
laundering (
AML ) compliance issues
that Irish SPVs that are Schedule 2 Firms (so-called because they
carry out one or more of the activities specified in Schedule 2 of
the Criminal Justice Act 2010) should be monitoring with care.
Schedule 2 Firms would include, for example, Irish SPVs that are
involved in activities such as lending, debt factoring or finance
leasing.
Appendix A to the Letter sets out the CBI s findings, as
well as its expectations, in various categories.
Board Oversight and Governance
Firms should be able to demonstrate that AML is a regular agenda
Global Banking & Finance Review
British Arab Commercial Bank (BACB) appoints former HSBC executive as the new Money Laundering Reporting Officer (MLRO)
Published 2 months ago
Clare Wilson
British Arab Commercial Bank (BACB) has announced the appointment of Clare Wilson as Money Laundering Reporting Officer (MLRO) subject to regulatory approval. Clare, who joins from HSBC, brings to the role almost a decades’ experience in compliance and financial crime functions having worked for large market players including Barclays and Lloyds.
Most recently, she held the position of Director in HSBC’s Group Financial Crime Management Office, where she spearheaded the implementation of enhancements in compliance controls and procedures. She has experience dealing with anti-money laundering and compliance on an international level, being responsible for the day-to-day reporting into HSBC’s senior management committee and the Board on financial crime matters, as well as for producing th