The Central Bank of Ireland (the “Central Bank”) on 23 February 2015 issued a Prohibition Notice pursuant to section 43 of the Central Bank Reform Act 2010 (the “Act”) on the grounds set out below. The Prohibition Notice is effective as of 23 February 2015 and prohibits Ms Colette Murphy of Hunter’s Moon, Knockfadda, Roundwood, County Wicklow, a sole trader insurance intermediary, from performing certain pre-approval controlled functions for a period of two years. Ms Murphy has agreed to comply in full with the terms of the Prohibition Notice.
Ms Murphy is prohibited from performing the following pre-approval controlled functions (PCF) pursuant to the Prohibition Notice:
(i) PCF 10 (Sole Trader);
(ii) PCF 15 (Head of Compliance with responsibility for anti-money laundering and counter-terrorist financing); and
(iii) PCF 17 (Head of Retail Sales).
Grounds
Ms Murphy’s actions which gave rise to the opinion and findings of the Central Bank as set out below include the followin
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