Beneficial Ownership – Meeting Your New Obligations

On 22nd March 2019, the European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019 came into effect in Ireland. The Regulations require corporate and other legal entities incorporated in Ireland to hold adequate, accurate and current information on their beneficial ownership, including details of the beneficial interests held. UCITS and AIFs including ICAVs,

Irish Funds Global Annual Conference

The Irish Funds Annual Global Funds Conference took place earlier today, Thursday, 23 May 2019 at the Convention Centre Dublin. The conference, the biggest to date, was attended by more than 450 delegates from over 17 different countries. The theme of the conference was “The Future of Funds – Evolution or Revolution?” In giving the

Carne Group announces creation of 250 jobs as part of significant regional expansion

Carne Group announces creation of 250 jobs as part of significant regional expansion Immediate recruitment for 50 highly-skilled, financial services professionals at their new financial services centre in Wexford Further expansion and recruitment at their Kilkenny financial services centre with plans to grow regional workforce by an additional 250 people by 2021 Wexford, Tuesday, 21st

New IRS Rules: Partnership Representative Solutions

Meeting the New IRS Rules with Carne’s Partnership Representative Solutions The Internal Revenue Service (IRS) has introduced new partnership audit rules which require U.S. partnerships to appoint a Partnership Representative (PR) to manage the audit process with the IRS for each tax year. The new rules apply to any domestic or foreign partnerships, including any

Tag Rugby World Cup 2018

Kevin Curtis’s Tag Rugby World Cup 2018 Blog     Tag Rugby World Cup 2015   I started playing Tag Rugby casually in Clontarf Rugby Club after years of playing rugby union. In late 2014 it was announced that for the first time Ireland would be entering the Tag Rugby World Cup, hosted in the

Regulatory Update (Ireland) Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2018

The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2018   The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2018 (the “2018 Act”) commenced on 26 November 2018. The Act amends the Criminal Justice(Money Laundering and Terrorist Financing) Act 2010 (the “2010 Act”) to incorporate the requirements of the Fourth EU Money Laundering

The Brexit Blog By CARNE

With Theresa May’s Brexit deal facing probable defeat in Westminster next week, its time to consider the various scenarios that may follow.  We will now catch up on where the negotiations are and look at some positive soundings from the Central Bank of Ireland (CBI) that should lessen the blow of a potential hard Brexit.