The Charities Regulator has that said up to 40 Irish charities may have lost money after an online company that collected money for them went into liquidation.

The company, Pembroke Dynamic Internet Services, had a liquidator appointed two weeks ago after it failed to satisfy a debt owed to the Revenue Commissioners.

Following the appointment of the liquidator to the company, the High Court heard €3.8 million was owed to charities that used the company's services. 

The liquidator said around 700 charitable entities globally are affected, and has worked with the Charities Regulator to clarify the impact in Ireland. 

The Charities Regulator has analysed the liquidators list and concluded that up to 40 Irish charities may be caught up in the liquidation. 

However, it is understood that the sums of money are relatively small, with the regulator estimating that it to be around €70,000 in total. 

The regulator has now written to those charities to ascertain the exact position.