Danske Bank fined €1.82m in Ireland over exclusions from transaction monitoring

The Central Bank of Ireland imposed its first penalty on a foreign financial institution, on 13 September [2022], when it fined Danske Bank A/S €1,820,000 (US$1,813,408) for failing to monitor transactions by "certain categories [unspecified] of customers" at its Irish branch between 2010 and 2019.

The Central Bank of Ireland imposed its first penalty on a foreign financial institution, on 13 September [2022], when it fined Danske Bank A/S €1,820,000 (US$1,813,408) for failing to monitor transactions by "certain categories [unspecified] of customers" at its Irish branch between 2010 and 2019.