The Central Bank has imposed a €280,000 fine on an investment firm for 5 breaches of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010. The breaches include failure to conduct appropriate money laundering/terrorist financing risk assessment and failure to adopt adequate policies and procedures for preventing and detecting ML/TF.
The CUDA Training and Development Programme for 2019 includes a number of targeted areas for Boards of Directors, Board Oversight Committees, Management Teams and Credit Union personnel. All of the programmes are devised collaboratively between CUDA and experts in the field to ensure the content is specifically designed to support Credit Unions in the current challenging environment.
CUDA encourages participation from both member and non-member Credit Unions at all training events, thereby providing a valuable opportunity for networking and knowledge sharing. Leadership development for Boards of Directors, Board Oversight Committees and Management Teams, all mandatory training requirements and training events specifically designed for Credit Union Staff are all included in the 2019 CUDA Training and Development Programme.