Settlement Agreement between the Central Bank of Ireland and the Bank of Ireland


May 30 2017

The Central Bank of Ireland (the ‘Central Bank’) fined The Governor and Company of the Bank of Ireland (‘BOI’) €3,150,000 and reprimanded it for twelve breaches of the Criminal Justice (Money Laundering & Terrorist Financing) Act, 2010 (the ‘CJA 2010’). The breaches occurred from the enactment of the CJA 2010 in July 2010 and persisted on average for over three years. These breaches have been admitted by BOI.