High Court dismisses Dundalk company's attempt to prevent BOI terminating business arrangements

The High Court has dismissed an application by a Dundalk-based money transfer/Bureau de Change business for an injunction preventing Bank of Ireland from terminating their business arrangements.

Blue Diamond Sports Ltd t/a Dundalk Bureau de Change, and a related firm Blue DiamondSports No 2 Ltd claimed Bank of Ireland (BOI) wants to end their banking arrangements and close their accounts because of alleged links between the companies and alleged money laundering.