Already fined and reprimanded in Estonia, Norway, Sweden and back home in Denmark, Danske Bank on Thursday became the first company in three years to draw an anti-money laundering penalty in Ireland after failing to screen hundreds of thousands of payments. In a 10-page notice, the Central Bank of Ireland accused Danske Bank of quashing the results of a third-party audit in 2015 that found that the lender's "historic data filters" had not been adjusted to comply with amended AML rules that came into force five years prior, and thus failed to vet transactions to and from entire categories of...
The Central Bank of Ireland issued a reprimand and imposed the €1,820,000 fine against the Copenhagen, Denmark-based bank for breaches of the Criminal Justice (Money Laundering & Terrorist Financing) Act 2010, as amended.
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