Central Bank's Rowland to join new Anti-Money Laundering Authority
The Central Bank has confirmed that Derville Rowland, Deputy Governor Consumer and Investor Protection at the bank, will join the newly established Anti-Money Laundering Authority (AMLA).
The AMLA is a new EU agency that will transform the anti-money laundering and countering the financing of terrorism (AML/CFT) supervision in the EU and enhance cooperation among financial intelligence units (FIUs).
Derville Rowland joined the Central Bank 21 years ago and has held a number of senior roles there, including the Director of Enforcement and Anti-Money Laundering, the Director-General of Financial Conduct and most recently as the Deputy Governor (Consumer and Investor Protection).
Before joining the Central Bank, she practiced as a barrister in the UK, where she completed a Bachelor of Law Degree and barrister's training (Inns of Court School of Law) in London. Subsequently she obtained a Barrister-at-Law degree from Kings Inns in Dublin and a Diploma in Applied Finance Law.
Central Bank Governor Gabriel Makhlouf said that AMLA's mission is critical to the integrity of the EU's financial system and its citizens, and it is imperative that it delivers.
As a component part of AMLA, the Central Bank will contribute fully to these objectives, in line with our work across the European system, he added.
"Derville's appointment to this role is a testament not only to the high regard in which she is held but also to the strong track record of the Central Bank at a European level," he said.
"I want to thank Derville for her significant contribution to the Central Bank's public service mission over the last 20 years," he added.
Deputy Governor Derville Rowland said she was acutely conscious of the urgency of AMLA's task to make the financial system cleaner, the economy more resilient and people safer.
"For our financial system to be trustworthy, it will need a collective and unyielding European response, to ensure that money laundering and terrorist financing are systematically combatted," she said.
"I look forward to helping to lead that work. It has been a privilege to work for the Central Bank and with colleagues dedicated to delivering on our mandate in the public good," she added.
The Central Bank said the recruitment process to fill the role of Deputy Governor Consumer and Investor Protection is ongoing.
In the interim, Deputy Governor for Financial Regulation, Mary-Elizabeth McMunn, will assume the Consumer and Investor Protection responsibilities.
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