BANK OF IRELAND FINED EUR3.15 MILLION FOR MONEY LAUNDERING RULE BREACHES
May 1st, 2017
THE BANK of Ireland, one of the country’s major commercial banks, has been fined EUR3.15 million for persistent breaches of Irish anti-money laundering and combating the financing of terrorism (AML/CFT) rules over more than three years.
These penalties have been imposed by the Central Bank of Ireland because of 12 offences under Ireland’s Criminal Justice (Money Laundering & Terrorist Financing) Act 2010 between the year the law was enacted, most continuing on average until 2013, some until 2015.
The central bank has detailed these breaches, including ...
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