PwC Financial Crime update - Q3 2024

This issue of the PwC Financial Crime quarterly update outlines the latest news and regulatory updates across the world of financial crime. 

While it has been quieter over the Summer months, there was still key activity happening from a Financial Crime perspective, both locally in Ireland and further afield. Speaking at the Future of Financial Intelligence Sharing Event held in September, Deputy Governor of the Central Bank of Ireland, Derville Rowland, shared her remarks on ‘The foundations for AML partnership in Ireland’. Ms Rowland focused on the establishment of partnerships for information sharing in Ireland connected to the new AML package. The Central Bank also officially opened applications for their new Innovation Sandbox Programme.  

From a European perspective, the EBA published their work programme for 2025 and as always there is a focus on AML related activities. The key AML task for the EBA in 2025 will be a smooth transition to the new EU AML/CFT framework.