Wednesday January 22, 2020

BoI, a Dundalk bureau de change and €19 million

The High Court has dismissed an application to prevent the bank’s termination of its relationship with a Dundalk money bureau

2nd December, 2018
Bank of Ireland has ended its business relationship with Blue Diamond, a bureau de change in Dundalk

A High Court judgment published last week in relation to a Dundalk-based money transfer/bureau de change reveals that between €18 million and €19 million passed through the business per annum, generating commission of up to €600,000.

The judgment by Mr Justice Senan Allen dismissed an application by the Dundalk business for injunctions preventing Bank of Ireland ending its business relationship with the firm.

Blue Diamond Sports Ltd, trading as Dundalk Bureau de Change, and...

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