TOP STORY

Jun

15

Irish Regulator Cites Asset Management Firm for Cybersecurity, AML Breaches

Ireland’s central bank, whose governor Philip Lane is pictured above in this Apr. 2017 photo, fined Dublin-based Appian Asset Management €443,000 for poor cyberfraud and anti-money laundering controls. (Alamy / Niall Carson)

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ADDITIONAL STORIES

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HM Treasury modified its Consolidated List of Financial Sanctions Targets in the United Kingdom, which contains the names of designated individuals and entities subject to international asset freezing and domestic sanctions under the Terrorist Asset-Freezing etc. Act 2010.
The Office of Foreign Assets Control, part of the U.S. Treasury Department, updated its list of Specially Designated Nationals and Blocked Persons, which designates organizations and individuals who are restricted from doing business with the United States, American companies or Americans.
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Enforcement Actions

The Central Bank of Ireland fined the Dublin, Ireland-based firm for significant client asset, anti-money laundering and fitness and probity breaches. 
The United Kingdom's Financial Conduct Authority issued the fine against the London, England-based bank and imposed deposit restrictions on it for anti-money laundering systems failures.