The Central Bank was carrying out inspections on all domestic financial institutions to check whether they were complying with the legislation on illegal activities, the DIRT inquiry sub-committee was told yesterday.
Ms Mary O'Dea, of the Central Bank, said it had drawn up its own code of ethics and was updating its internal codes.
Ms O'Dea was answering the chairman of the sub-committee, Mr Jim Mitchell, who asked if there was anything new in the monitoring processes.
The Central Bank identified particular areas, with credit growth as a big issue at the moment, Ms O'Dea said.
On illegal activities under the Criminal Justice Act, the Central Bank had the role of policing areas such as money-laundering and tax evasion.
"We're carrying out visits on all domestic institutions concerning money-lending. We have just finished the credit ones to see if they're complying with the legislation," she said.
Mr Mitchell said one of the gaps was the lack of a body-wide organisation which covered all institutions. There had been a total blindness by the regulatory bodies of the sort of illegal problems they had discovered in the DIRT inquiry.