EBA and ESMA revise internal governance guidelines to combat money laundering

July 31, 2020.
Two European financial regulators launched a public consultation to revise guidelines on internal governance Friday, as they sought to enhance supervision of credit institutions for money laundering and terrorist financing risks.

Bank of Ireland fined by central bank for failings tied to cyberfraud

July 29, 2020.
The Bank of Ireland has been fined EUR 1.66 million ($1.95 million) by Ireland’s central bank for breaches related to a 2014 incident in which the lender was tricked into transferring thousands by a “fraudster” impersonating a client.