Corporate Governance Service

  • Development of effective corporate governance framework for each client fund to ensure best practice in the governance and oversight for the fund.
  • Provision of MLRO & FATCA Responsible Officer.
  • A Irish regulated Fund must ensure compliance with the provisions of the Criminal Justice (Money Laundering and Terrorist Financing) Acts 2010 & 2013 and the Criminal Justice (Terrorist Offences) Act 2005 as amended (the ‘Acts’).
  • The Regulations require that a Money Laundering Reporting Officer (‘MLRO’) is appointed by the Fund to oversee compliance with the Acts.
  • Ballybunion Capital’s main activities as MLRO include:
  • The Fund must ensure compliance with the provisions of the Criminal Justice (Money Laundering and Terrorist Financing) Acts 2010 & 2013 and the Criminal Justice (Terrorist Offences) Act 2005 as amended (the ‘Acts’).
  • The Regulations require that a Money Laundering Reporting Officer (MLRO) is appointed by the Fund to oversee compliance with the Acts.
  • The MLRO conducts oversight of the service providers to the Fund who are responsible for conducting the Anti Money laundering (AML) verification procedures. This is to verify that they have appropriate AML policies, procedures, processes and training in place in relation to conducting AML activities.
  • The MLRO is responsible for ensuring that transactions which arouse suspicions of money laundering or terrorist financing are reported to the Financial Intelligence Unit (FIU) of the Irish Garda Siochana and to the Irish Revenue Commissioners and acts as a liaison with the FIU.
  • The MLRO is responsible for maintaining a formal Register of all suspicious transaction reports and any further correspondence sent or received.
  • The MLRO reports quarterly to the Board on activities undertaken and escalates issues as appropriate