Stockbrokers breached 'rules, not law'

AIB’s stockbrokers breached money laundering rules but did not break the law by share deals using firms based in offshore tax havens, it was claimed today.

Stockbrokers breached 'rules, not law'

AIB’s stockbrokers breached money laundering rules but did not break the law by share deals using firms based in offshore tax havens, it was claimed today.

Outgoing CEO Eugene Sheehy, said the firm’s subsidiary Goodbody Stockbrokers later notified the Central Bank and the Irish Stock Exchange about the practices when they were discovered.

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