News

Aug 12
Central Bank of Ireland Issues Warning on Unauthorised Firm – Allconi Bank Administration Limited

It has come to the attention of the Central Bank of Ireland (‘Central Bank’) that Allconi Bank Administration Limited (Ireland) – https://www.allconi-bank.eu.com (no longer in operation) – has been holding itself out as a banker in the State in the absence of an appropriate authorisation. A list of unauthorised firms published to date is available […]

Aug 12
Central Bank of Ireland Issues Warning on Unauthorised Firm –   Fraudulent entity clones authorised firm Great American International Insurance (EU) DAC

It has come to the attention of the Central Bank of Ireland (‘Central Bank’) that a fraudulent entity has been operating as an insurance / reinsurance firm in the State in the absence of appropriate authorisations.  In this instance, the fraudulent entity cloned and impersonated a legitimate Central Bank authorised firm in order to deceive […]

Aug 12
Central Bank reinforces consumer protection expectations of regulated financial firms providing Direct Debit services

The Central Bank of Ireland has engaged with financial services firms to reinforce its consumer protection expectations of all regulated firms that also operate as Direct Debit originators (DDOs). This follows a review of plans submitted from the financial services firms that are amongst the top 20 DDOs in Ireland, which set out the measures they […]

Aug 12
Statement on the publication of the Central Bank (Individual Accountability Framework) Bill 2022

The Central Bank of Ireland welcomes today’s publication of the Central Bank (Individual Accountability Framework) Bill 2022. The Central Bank will continue to work with the Department of Finance throughout subsequent stages as the legislation progresses through the Oireachtas to enactment. Once the Bill has been enacted the Central Bank intends to publicly consult on […]

Aug 12
Axie Infinity cuts rewards from classic game, subtly forcing P2E players to new mode

The team described the move as part of its efforts to balance the economy for the Smooth Love Potion token. 1242 Total views 6 Total shares Play-to-earn (P2E) blockchain game Axie Infinity (AXS) has completely removed the token rewards from its classic game mode to attract its users to a new game mode called Axie […]

Aug 12
U.S. stocks open higher, with S&P 500 heading for potential weekly gain

U.S. stocks opened higher Friday, with investors continuing to weigh signs of easing inflation as all three major benchmarks head for potential weekly gains. The Dow Jones Industrial Average DJIA, +0.32% rose 0.4% soon after the opening bell, while the S&P 500 SPX, +0.57% gained 0.5% and the Nasdaq Composite COMP, +0.83% rose 0.7%, according […]