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LATEST: Danske Bank fined €1.82M, reprimanded by CBOI for failing to carry out AML/CFT checks on hundreds of thousands of transactions

Seána Cunningham Director of Enforcement and Anti-Money Laundering - Photo Credit: CBOI

By Elizabeth Hearst for AMLi

Danske Bank A/S has been hit with a €1.82M fine by the Central Bank of Ireland for transaction monitoring failures. 

In a statement, the Central Bank of Ireland said it had levied the fine against Danske for its shortcomings relating to its AML/CFT systems, after it had identified three breaches of the Criminal Justice (Money Laundering & Terrorist Financing) Act, 2010.

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