Insights

Money laundering is on the rise globally. Between 2016 and 2021, the yearly number of cases brought to the European Union Agency for Criminal Justice Cooperation doubled, bringing the total number of registered cases for that period to 3,000. In Ireland alone, the number of recorded money laundering crimes increased significantly from 86 in 2018 to 701 in 2021.

Creating and implementing watertight Know Your Customer (KYC) procedures can be problematic for many organisations since the process remains a people-driven, manual operation.

With our finger on the pulse of this ever-evolving industry, we provide intermediaries with practical, cost-effective solutions to address your business needs, from outsourcing, assistance in navigating regulatory landscape developments and their impacts, statutory reporting requirements, to support with mergers and acquisitions.

Grant Thornton’s agile team of operational resilience experts are ready to deliver proven solutions to our clients based on regulatory requirements and their strategic priorities. We leverage our vast industry experience of operational resilience engagements to assist you implement the guidance effectively on a day-to-day basis and to set future plans and strategies.

Ireland has always been known for its green landscapes and rich agricultural background, but with changing climate patterns, dynamic regulatory and legislative plans and evolving consumer demands, the future of Irish agriculture and food is being shaped in new ways.

Following stakeholder consultation, the Central Bank of Ireland (CBI) has published ‘Guidance for (Re)Insurance Undertakings on Climate Change Risk’. The following are the key areas outlined for re(insurers) to integrate climate change risk: Appropriate Governance, Materiality Assessment, Scenario Analysis, Strategy & Business Model, Risk Appetite & Risk Management and Reporting.

Our Public Sector service focuses on providing consulting services to local, national, regional and global Public Sector organisation entities. We work with our clients to implement practical, workable and innovative solutions that make a difference in solving the pertinent challenges that are being faced every day across a range of areas in society, including across local government, state agencies and semi-state bodies and government departments.

Ensure compliance with DORA. Discover requirements for cybersecurity resilience, testing standards, and best practices for EU financial service providers.

Over the last few years the ECB have published a series of guidance and best practice publications in the Climate and Environmental (C&E) risk area. These publications and best industry practices indicate that while banks have made progress in incorporating climate-related risk, there is a high level of inconsistency in certain practices and also areas for improvement.

Working with you to support your organisation in achieving your business intelligence requirements and enabling structured data-driven decision making.

In 2022, the global economy was expected to recover following the chaos unleashed by the COVID-19 pandemic. However, in 2023, organisations across all sectors still face a myriad of challenges. One of the areas in which Grant Thornton has been able to assist our clients in driving efficiency is through assisting businesses in delivering a ‘Cost Optimisation’ model.

The Corporate Sustainability Reporting Directive (“CSRD”) introduces detailed reporting requirements on companies’ impact on the environment, human rights and social standards.