Danske Bank has been fined €1.82 million (US$1.79 million) and reprimanded by the Central Bank of Ireland (CBI) for three transaction monitoring failures in its anti-money laundering and counter financing of terrorism (AML/CFT) systems.

The three breaches of Ireland’s criminal justice act (CJA) all stem from the first breach, the failure of the Danish bank to ensure that its automated systems monitored the transactions of certain categories of customers of its Irish branch between 2010 and 2019. All three breaches have been admitted by Danske.

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