Compliance Failure news and trends

Allied Irish Banks Fined For Anti-Money Laundering Compliance Failures

April 27, 2017
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Allied Irish Banks Fined For Anti-Money Laundering Compliance Failures

April 27, 2017
Allied Irish Banks was hit with a $2.2 million fine by the Central Bank of Ireland due to compliance failures with anti-money laundering and terrorist financing rules. According to a report in Bloomberg News, in addition to the fine, the central bank reprimanded Allied Irish Banks (AIB) for six breaches of the law, with AIB admitting to […]