AIB fined for breaches of money laundering and anti-terrorist financing regulations

Banking watchdogs said the bailed-out lender was guilty of "significant failures" in its responsibilities to prevent money laundering and the financing of terror organisations.

AIB fined for breaches of money laundering and anti-terrorist financing regulations

State-owned AIB has been slapped with a €2.3m fine after it admitted breaching laws drawn up to thwart terrorists and criminals.

Banking watchdogs said the bailed-out lender was guilty of "significant failures" in its responsibilities to prevent money laundering and the financing of terror organisations.

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