Prohibition Notices

Current Prohibition Notices

8 February 2019: Notice issued to Mr Paul Tarpey under the Fitness and Probity Regime

The Central Bank has issued a Prohibition Notice to Mr Paul Tarpey, prohibiting him from carrying out any controlled functions, including pre-approval controlled functions, in any regulated financial service provider for an indefinite period. Mr Tarpey is a former partner of Costello & Tarpey Financial Services, which has now been dissolved. The prohibition arises from a Central Bank investigation into the misappropriation of client funds by Mr Tarpey during his time at Costello & Tarpey Financial Services.

Seana Cunningham, Director of Enforcement and Anti-Money Laundering said:

“Mr Tarpey has been prohibited indefinitely, which is the most serious outcome under the fitness and probity regime. The Central Bank has a duty to uphold standards in respect of those working in the industry for the benefit and protection of users of financial services. The misconduct detailed in the Statement of Undisputed Facts clearly demonstrates Mr Tarpey's failure to act honestly, ethically and with integrity. This case should serve as a reminder that the Central Bank will prohibit people who act dishonestly. This outcome is also notable, as it is the first time that we have exercised our discretion to publish full reasons for a prohibition.”

Additional information

  1. The Prohibition Notice was effective from 17 October 2018.
  2. The investigation which led to the Prohibition Notice being issued arose from the receipt by the Central Bank of a protected disclosure. Information on protected disclosures can be found here.
  3. This is the sixth Prohibition Notice issued by the Central Bank. Details of previous Prohibition Notices can be found here. 
  4. Further detail on the fitness and probity regime can be found here. 

27 August 2018: Notice issued to Mr David Stamper

The Central Bank of Ireland has issued a Prohibition Notice to Mr David Stamper, former Director of Citybus Employees’ Credit Union Limited, prohibiting him from carrying out any controlled functions, including pre-approval controlled functions, in any regulated financial service provider for an indefinite period. The prohibition arises from the Central Bank’s investigation into Mr Stamper’s management of the members’ prize draw in Citybus Employees’ Credit Union Limited.

18 April 2018: Notice issued to Ms Geraldine Harford

The Central Bank has issued a Prohibition Notice to Ms Geraldine Harford, former Assistant Manager of Rush Credit Union Limited (In Liquidation), prohibiting her from carrying out any controlled functions, including pre-approval controlled functions, in any regulated financial service provider for an indefinite period.  The prohibition arises from a Central Bank investigation into Ms Harford's involvement in unauthorised transactions on accounts at Rush Credit Union.

18 September 2017: Notice issued to Ms Anne Butterly

A Prohibition Notice has issued against Ms Anne Butterly, former Manager of Rush Credit Union, prohibiting her from carrying out any controlled functions, including pre-approval controlled functions, in any regulated financial service provider for an indefinite period. The prohibition arises from a Central Bank investigation into Ms Butterly’s involvement in unauthorised transactions on accounts at Rush Credit Union.

4 May 2016: Notice issued to Mr Darren Gleeson

Following a fitness and probity investigation conducted in accordance with Section 25 of the Central Bank Reform Act 2010, a Prohibition Notice has issued against Mr Darren Gleeson, Prohibition Notice against Mr Darren Gleeson, formerly a director of a retail intermediary firm, prohibiting him from carrying out any controlled functions, including pre-approval controlled functions, in any regulated financial service provider for an indefinite period.

 

Expired Prohibition Notices

18 January 2017: Notice issued to Ms Colette Murphy

Following a fitness and probity investigation conducted in accordance with Section 25 of the Central Bank Reform Act 2010, a Prohibition Notice issued against Ms Colette Murphy prohibiting her from performing certain pre-approval controlled functions for a period of two years from 23 February 2015.

Expired on 22 February 2017.