Nowadays counterfeiters are becoming more advanced. To cope with that the central bank needs to increase their vigilance by continuously improving the security features of the currency to give protection and assurance to the public holding the currency. Ladies and Gentlemen, To achieve the goals mentioned above, the cooperation among issuing authorities and currency industries should be further deepened.
Our experience has been and continues to be that firms which understand their proposed business model, the risks inherent in that and the compliance obligations in place to protect the wider system, are the firms which find the authorisation to be most straightforward. Ireland is a global financial services centre.