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Central Bank’s Derville Rowland to join AMLA

The Central Bank of Ireland has confirmed that its deputy governor Derville Rowland, who is currently responsible for consumer and investor protection, is to join the newly established Anti-Money Laundering Authority (AMLA).

The Frankfurt-based AMLA was set up under a package of new rules adopted last year by the EU, aimed at harmonising AML rules across the union. 

Central Bank Governor Gabriel Makhlouf said that Rowland’s appointment was “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 described AMLA’s mission as “critical to the integrity of the EU’s financial system and its citizens”, adding that the Central Bank would contribute fully to these objectives. 

Recruitment process 

Speaking about her appointment, Rowland said that she was “acutely conscious of the urgency of AMLA’s task to make our financial system cleaner, our economy more resilient, and our people safer”. 

The Central Bank says that a recruitment process to fill the vacancy left by her appointment is continuing. 

The deputy governor for financial regulation, Mary-Elizabeth McMunn, will take on responsibility for consumer and investor protection on an interim basis. 

Rowland has worked at the Central Bank for 21 years, having previously practised as a barrister in Britain.