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Aviation Advisory
Our dedicated Aviation Advisory team bring best-in-class expertise across modelling, lease management, financial accounting and transaction execution as well as technical services completed by certified engineers.
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Consulting
Our Consulting team guarantees quick turnarounds, lower partner-to-staff ratio than most and superior results delivered on a range of services.
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Business Risk Services
Our Business Risk Services team deliver practical and pragmatic solutions that support clients in growing and protecting the inherent value of their businesses.
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Deal Advisory
Our experienced Deal Advisory team has provided a range of transaction, valuation, deal advisory and restructuring services to clients for the past two decades.
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Forensic Accounting
Our Forensic and Investigation Services team have targeted solutions to solve difficult challenges - making the difference between finding the truth or being left in the dark.
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Financial Accounting and Advisory
Our FAAS team designs and implements creative solutions for organisations expanding into new markets or undertaking functional financial transformations.
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Restructuring
Grant Thornton is Ireland’s leading provider of insolvency and corporate recovery solutions.
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Risk Advisory
Our Risk Advisory team delivers innovative solutions and strategic insights for the Financial Services sector, addressing disruptive forces, regulatory changes, and emerging trends to enhance risk management and foster competitive advantage.
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Sustainability Advisory
Our Sustainability Advisory team works with clients to accelerate their sustainability journey through innovative and pragmatic solutions.
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Asset management Asset management of the futureIn today’s global asset management landscape, there is an almost constant onslaught of change and complexity. To combat such complex change, asset managers need a consolidated approach. Read our publication and find out more about what you can achieve by choosing to work with us.
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Internal Audit Maintaining Compliance with New EU Pension Directive IORP IIOn 28 April 2021, the Irish Government transposed IORP II (Institution for Occupational Retirement Provision), an EU directive on the activities and supervision of pension schemes, into law.
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Risk, Compliance and Professional Standards FRED 82 – Periodic Updates to FRS 100 – 105The concept of a new suite of standards for the UK and Ireland, aligning with international financial reporting standards, was first conceived in 2002
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Audit and Assurance Auditor transition: how to achieve a smooth changeoverAppointing new auditors may seem like a daunting task that will be disruptive to your business and a drain on the finance function. Nevertheless, there are a multitude of reasons to consider a change, including simply seeking a ‘fresh look’ at the business.
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Corporate Tax
Our Corporate Tax team is made up of more than 40 highly experienced senior partners and directors who work directly with a wide range of domestic and international clients; covering Corporation Tax, Company Secretarial, Employer Solutions, Global Mobility and Tax Incentives.
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Financial Services Tax
The Grant Thornton team is made up of experts who are fully up to date in terms of changing and evolving tax legislation. This is combined with industry expertise and an in-depth knowledge of the evolving financial services regulatory landscape.
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Indirect Tax Advisory & Compliance
Grant Thornton’s team of indirect tax specialists helps a range of clients across a variety of sectors including pharmaceuticals, financial services, construction and property and food to navigate these complexities.
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International Tax
We develop close relationships with clients in order to gain a deep understanding of their businesses to ensure they make the right operational decisions. The wrong decision on how a company sells into a new market or establishes a new subsidiary can have major tax implications.
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Private Client
Grant Thornton’s Private Client Services team can advise you on all areas of financial, pension, investment, succession and inheritance planning. We understand that each individual’s circumstances are different to the next and we tailor our services to suit your specific needs.
In the dynamic landscape of financial technology, Ireland stands out as a host of Payment Services Providers (PSPs) including both Payment Institutions (PIs) and E-Money Instiutions (EMIs), both indigenous and drawn by its buoyant fintech sector.
PIs emerged in 2018 with a record number of authorisations by the Central Bank of Ireland. Following this, there was a surge in EMI authorisations in 2019. This can be attributed to the wide range of strategic advantages offered by Ireland in addition to the robust regulatory framework applicable to PIs and EMIs that are overseen by the Central Bank of Ireland.
Ireland has been an important beneficiary of the UK’s withdrawal from the European Union (EU) as companies are looking to shift operations and use Ireland as a launchpad to passport elsewhere in the EU, through either branch operations or cross-border services. The country’s appealing tax policies, and a comprehensive network of double tax agreements, enhance its attractiveness as a jurisdiction for PIs and EMIs.
Furthermore, Ireland’s regulatory environment around PIs and EMIs, as highlighted in the recent Central Bank of Ireland’s Regulatory & Supervisory Outlook report (the Report) , is closely aligned with key European guidelines and, in particular of, EBA Guidelines on Outsourcing Arrangements. This alignment underscores Ireland’s commitment to internationally recognised standards and emphasises the role financial crime plays in safeguarding the integrity of the financial systems.
The Report outlines other crucial priorities for ensuring effective safeguards and robust governance structures, as well as enhancing risk management practices and strengthening efforts in Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) measures.
As of May 2024, there are 28 EMIs, 25 PIs, six Account Information Service Providers (AISP) and 11 Virtual Asset Service Providers (VASP) authorised by the Central Bank of Ireland marking a significant increase from 14 to 70 firms over the past seven years, although these figures may include multiple authorisations for certain PSPs. Based on figures from the European Central Bank (ECB) payment transactions, the value of sent payments involving non-monetary financial institutions for 2022 was €83,768.4 millions, which is nearly a 300% increase on the figures from 2021.
Additionally, the Central Bank reported that, in Ireland there has been a 10-fold increase in safeguarded funds which was reported to be approximately €8bn in December 2023. As this sector expands, a robust AML/CFT framework becomes even more crucial given money laundering schemes are becoming more complex and the growing prevalence in the financial system of other financial crimes, such as online fraud.
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