By Dan Byrne for AMLi
Big gaps remain in the defences that banks have in place to combat financial crime, a European Central Bank has warned.
Although there has been progress since the last country-wide assessment, the Central Bank of Ireland has said that shortcomings still exist in both frameworks and governance, which inherently make the financial system more vulnerable to bad actors.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
