she told the event<\/a>.<\/p>\n\u201cIt is a key area of focus for the Central Bank. In 2026 we will be undertaking a thematic review of suspicious transaction report (STR) reporting in the sector.\u00a0<\/p>\n
She added: \u201cInadequate monitoring of these risks exposes the sector to potential abuse, including breaches of financial sanctions.\u201d<\/p>\n
Ms Dunne also highlighted several other areas of concern for the watchdog. These include the \u201copaque and rapidly evolving nature\u201d of the crypto market.<\/p>\n
She said these issues can make detection and tracing of the financial crime activities \u201cparticularly challenging\u201d.\u00a0<\/p>\n
\u201cWe expect firms to maintain effective AML and fraud-prevention controls to mitigate financial crime risks,\u201d she said. \u201cThis will be a key element of our supervisory focus in 2026.\u201d<\/p>\n
For supervising companies, Ms Dunne said the Central Bank will use targeted inspections.\u00a0<\/p>\n
\u201cWe will also be assessing how firms understand their ML\/TF exposures,\u201d she said. \u201cAnd whether their control frameworks are proportionate to those risks.\u201d<\/p>\n
Ms Dunne added that the regulator\u2019s enhanced Risk Evaluation Questionnaire (REQ) will be a critical tool in identifying risk.<\/p>\n
\u201c[This] will capture detailed quantitative and qualitative information on the quality of firms\u2019 controls,\u201d she said.<\/p>\n
\u201cThis data will help us identify emerging threats, guide our supervisory strategy, and support the work of AMLA.\u201d<\/p>\n
![\"AML](\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2026\/04\/phone-tablet-desktop.png\")
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