By Elizabeth Hearst for AMLI
US investment fund firm BNY Mellon has been hit with a €10M fine over 16 regulatory breaches by the Central Bank of Ireland.
The Central Bank of Ireland has today announced BNY Mellon must pay €10,780,000 following a number of regulatory breaches over the outsourcing of fund administration activities over a six-year period.
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!
