Insights

Stay informed on global AML trends, risks, and key developments. Get the latest insights to strengthen your financial crime compliance.

EBA’s new AML standards redefine compliance for financial institutions. Learn key changes in risk assessment, due diligence & enforcement—act now to stay ahead.

Stay ahead of evolving AML and responsible gambling regulations. Learn how operators can manage compliance risks in a fast-changing global gambling market.

Prepare for the EU's new AML/CFT "Single Rulebook" by understanding its impact on businesses and ensuring compliance with unified anti-money laundering standards.

Unveiling the financial crime dynamics of Ireland’s payments sector. ​Learn about AML risks, sustainable practices, and how Grant Thornton can help. ​Contact our financial crime experts for tailored solutions.

Our focus in this paper is to develop decision making models using a range of advanced machine learning techniques. We explore three different methodologies to measure the discriminatory power between good and bad borrowers using a credit card portfolio dataset. The main hypothesis is that advanced modelling techniques lead to more efficient estimates and higher discriminatory power.

On 28 April 2021, the Irish Government transposed IORP II (Institution for Occupational Retirement Provision), an EU directive on the activities and supervision of pension schemes, into law.

In response to the fast growth of the payment services market, the European Commission issued a Revised Payments Legislative Package. This seeks to ensure the EU’s financial sector is fit for purpose and capable of adapting to the ongoing digital transformation, and the risks and opportunities it presents – in particular for consumers.

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

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.

The Central Bank of Ireland (“CBI”) set out their findings and expectations for Payment and E-Money firms in its “Dear CEO” letter published January 20, 2023. Rather than issuance of specific additional or “new” expectations, it is a re-affirmation of the out regulatory expectations of authorised Payment and E-Money institutions already set out in the December 2021 letter in the same vein. A year on from that letter, it is clear that the CBI believes the industry has a lot more to do.

The Central Bank of Ireland (‘CBI’) has recently issued its latest Anti-Money Laundering Bulletin, focussing on the Virtual Asset Service Provider (‘VASP’) sector. In this bulletin, the CBI has provided its observations on a number of significant and widespread deficiencies across authorisation applications received from VASPs where roughly 90% of all applications are not meeting the required standard.