Directors at EML’s Irish subsidiary to resign

PFS Card Services has been undergoing a remediation programme after concerns were raised by the Central Bank

Kevin Murphy, interim group chief executive of EML

Directors at EML Payment’s Irish subsidiary PFS Card Services, which is at the centre of a Central Bank of Ireland investigation over anti-money laundering deficiencies, are to resign from the company.

The directors are to remain on the subsidiary’s board for a transition period, the company said in an update to investors.

The moves comes a few weeks after EML, a Brisbane-based fintech, recorded a tax impairment of AUS$258.9 million (€153.7 million) due to its ...