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BoI fined €1.66m over fraud it failed to disclose

Central Bank accuses bank of misleading it after cyber attack

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Enforcement: Central Bank of Ireland’s Seána Cunningham

Enforcement: Central Bank of Ireland’s Seána Cunningham

Enforcement: Central Bank of Ireland’s Seána Cunningham

Bank of Ireland has been fined by the regulator over failings that led to a client losing money in a fraud attack and because it failed to inform the Central Bank about the incident.

The bank was also found to have failed to notify the Gardaí until the Central Bank discovered what had happened. It was fined €1.66m.


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