The Irish Central Bank Director of Enforcement & Anti Money Laundering has this week contacted business groups and professional representative bodies including Chartered Accountants Ireland regarding financial sanctions obligations .You can read details of the press release here.
The Central Bank has asked for a letter they have written on sanctions to be circulated to members. The letter advises recipients that the Central Bank is the competent authority for the administration and enforcement of financial sanctions and that the adoption of sanctions places legally binding obligations on all individuals and entities. You can read the full contents of the letter here.