Stockbroker that is closing up shop fined €280,000 by Central Bank

A stockbroker which is in the process of winding down has been fined €280,000 for failing to meet its obligations under anti-money laundering laws.

The Central Bank fine on Campbell O’Connor, which is closing down after almost 60 years in business, was reduced to €280,00 from €400,000 after it admitted to the breaches and co-operated with the regulator from an early stage.