AIB fined €2.2m for breaking anti-money laundering and terrorist financing rules
Central Bank probe found AIB failed to report suspicious transactions without delay to the authorities
AIB has been fined more than €2.2 million for breaching anti-money laundering and terrorist financing rules.
The Central Bank of Ireland reached a €2,275,000 settlement with the state-owned bank and reprimanded it for six breaches of the Criminal Justice Act 2010 (CJA).
A probe by the Central Bank in 2013 identified six breaches of the Criminal Justice Act 2010 as a result of significant failures in AIB’s anti‐money laundering and counter terrorist financing ...
