Allied Irish Banks, plc. has been fined €2,275,000 by the Central Bank of Ireland in respect of anti-money laundering and terrorist financing compliance failures. AIB had breached compliance laws six times and are fined for not Preventing Money Laundering The Central Bank found that, between 2010 and 2014, AIB persistently failed to immediately report 211 […]

The inherent risk of money laundering and terrorist financing can be lower in the life insurance sector relative to some other sectors, but life companies need to be cognisant that there are products, customers and geographic regions that present a higher risk. So reads the Press Office communication just received (Tuesday 8th March 2016) from the […]