Money laundering: was AIB’s fine too low?

AIB’s €2.275 million fine raises questions about Ireland’s laws – and the Central Bank’s enforcement approach

Back in October as I was writing an article for this paper on why we should expect to see a slew of enforcement activity following a Central Bank fine of €1.4 million on KBC Bank Ireland, news broke of another million-plus fine against Capita Life and Pensions Services (Ireland) for €1.15 million.

In that article, I asked whether we would see a slew of enforcement actions being announced because 2016 was looking quite ...