Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

The Central Bank regularly issues statements and warnings about unauthorised firms. What is the work out from them, that is, the end product and sanctions? Such firms can cause great harm to the consumer if they are not regulated or do not conduct their business properly. I have struggled to learn, either through the Courts Service or the Central Bank, the outcome of these warnings. Are the firms shut down? What sanctions are issued and what powers has the Central Bank to issue them against such firms?