Central Bank hits Ulster Bank with €3.3m fine

Central Bank hits Ulster Bank with €3.3m fine
Ulster Bank payment "milestone". Pic: RollingNews.ie

Bank's breaches of money laundering prevention rules 'especially concerning'

The Central Bank has fined Ulster Bank €3.325m over breaches of rules aimed at combatting money laundering and the financing of terrorist groups.

The regulator described the breaches as “especially concerning”, as they happened at one of Ireland’s largest retail banks with more than 1.1 million customers.

This is the second multi-million euro fine imposed on the bank in the last two years. Two years ago, the Central Bank slapped a record €3.5m penalty on...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription


For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription


For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription


For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post