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Cross-border fund distribution: Key regulatory updates for fund managers in May...

Navigating cross-border fund distribution requires constant vigilance, especially as regulatory landscapes continue to shift. In May 2025, a series of significant updates have been introduced to help fund managers, compliance officers and legal professionals stay compliant across key jurisdictions.

CBI governor compared unbacked crypto to a ponzi scheme

Gabriel Makhlouf, the Governor of the Central Bank of Ireland, has compared ‘unbacked’ cryptocurrencies to ponzi schemes.

RegTech company Quantexa acquires Ireland’s Aylien

Quantexa, a developer of decision intelligence (DI) solutions, has acquired Ireland-based Aylien, which builds NLP and advanced AI tools for data to collect, analyse and understand unstructured data.

Irish cybersecurity insights startup Siren collects €12m

Cybersecurity insights platform Siren has raised €12m in a funding round from the European Investment Bank.

Global identity verification RegTech ID-Pal teams with Keystone Property

Global identity verification provider ID-Pal has partnered with Keystone Property Finance, a buy-to-let lender, to bolster the latter’s onboarding for mortgage brokers and borrowers.

Central Bank of Ireland fines Axa €3.6m

The Central Bank of Ireland (CBI) has fined the European life and pensions unit of Axa €3.6m for several regulatory breaches.

Irish government puts forward legislation to protect cash access

The government of Ireland is proposing a legislative framework to protect access to cash in the Irish Republic.

Irish regulator hits Meta with €265m fine

Ireland’s Data Protection Commission (DPC) has slapped Meta with a €265m fine after details of over half a billion users were leaked on a hacking page.  

Danske Bank fined €1.8m by Central Bank of Ireland

Danske Bank has been fined €1.8m by the Central Bank of Ireland for three breaches of the Criminal Justice Act 2010.

Irish regulator slap Instagram with €405m fine for privacy failures

Ireland’s Data Protection Commission has fined social media giant Instagram €405m for failures around handling personal information.

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