AIB hit with fine for failing to abide by money laundering regulations

AIB’s been hit with a major fine for failing to comply with money laundering regulations.

The Central Bank’s imposed a 2.2 million euro penalty for six breaches of the laws covering money laundering and anti terrorist financing.

It says that AIB delayed flagging over 200 suspicious transactions to Gardaí.

The state-owned bank also failed to conduct checks on some existing accounts.

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