IRISH STOCKBROKER FINED FOR FAILURES ON MONEY LAUNDERING AND TERRORISM

The Irish Times on 10^th May reported that Dublin stockbroker Campbell O’Connor has been fined €280,000 by the Central Bank for compliance failures in its responsibility re AML/CFT.  The firm had previously announced it is closing its doors in June, citing “the ever-increasing complexity of doing business in a changing regulatory landscape which does not favour smaller firms”.

https://www.irishtimes.com/business/financial-services/stockbroker-fined-for-failures-on-money-laundering-and-terrorism-1.3887563

https://www.rte.ie/news/business/2019/0510/1048633-central-bank-fines-stockbroking-company/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017