Irish bank account applications refused for companies who have not filed their RBO

open business bank account

By Caitlyn Buchanan, 9th June 2021 Our contact within the Bank of Ireland says that approximately 52% of new corporate bank account applications are being refused because they have not filed with the Central Register of Beneficial Ownership (RBO). The Criminal Justice (Money Laundering and Terrorist Financing) Act 2021 came into force in April 2021 […]

New Company Registrations increase by 24% in the first four months of 2021

New Company Registrations in Ireland

By Company Bureau, 1st June 2021 Despite more than a year of uncertainty and continuing challenges brought on by Brexit, System updates and worldwide pandemic, Ireland has seen a 24% increase in new company registrations in 2021. In the first four months of 2020, the pandemic took hold and major lockdown restrictions were enforced in […]

New Criminal Justice (Money Laundering and Terrorist Financing) Amendment Act 2021 Commenced into Irish Law

anti money laundering legislation

By Caitlyn Buchanan, 13th May 2021 The new Criminal Justice (Money Laundering and Terrorist Financing) Amendment Act 2021 commenced into Irish law in April 2021. The Act makes amendments to the AML Criminal Justice Act 2010 and transposes the majority of the Fifth EU Anti-Money Laundering Directive (5AMLD) into law. This new anti money laundering legislation […]

From 2021 all Irish Charities must comply with the CRA Governance Code

Irish Charities Governance Code

By Caitlyn Buchanan, 13th March 2021 From 2021, all charities must prepare an annual submission to comply with the Charities Regulatory Authority (CRA) Governance Code. The CRA Governance Code is relevant to every charity operating in Ireland including voluntary public hospitals and healthcare providers with charitable status. The ongoing pandemic has put increased pressure on […]

New Start-up Numbers in Ireland remarkably resilient in 2020

New Irish Companies

By Caitlyn Buchanan, 12th October 2020 Ireland is showing remarkable entrepreneurial drive despite Covid-19 threatening an economic recession. Our findings show that new Irish companies registrations in 2020 are now on par with Quarter 3 of 2019. The new start-up numbers in Q3 have proven to be remarkably resilient given that new registrations had dropped by […]

Registered Irish Charities have increased by 7% according to the Charities Regulator 2019 Annual Report

Registered Charites in Ireland

By Caitlyn Buchanan, 2nd October 2020 The Irish Charities Regulatory Authority (CRA), published their 2019 annual report in July 2020. The report showed that the number of Registered Charities in Ireland has surpassed 10,000! As of 2019, there were 10,514 charities listed on the public Register of Charities, a 7% increase (715) from 2018. This […]

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