NEWS: Irish credit union took deposits from non-customers with no KYC checks; board aware it failed to act on AML obligations; fined €36,000

AML Peers
3 juli 2025
door Stephen Rae

By AML Intelligence Correspondents AN IRISH credit union which took deposits from non-customers has been fined €36,273 for breaching AML requirements. The Board of Swilly Mulroy Credit Union was aware of the risks associated with the practice from 2015 but failed to act on its risk management obligations, a Central Bank of Ireland report found. Read More