British arm of Prepaid Financial Services fined nearly £1m

However, it has been under investigation by the Irish regulator over money laundering and counter-terrorism concerns, and risk and control frameworks and governance.

This came after the regulator told the company it had not identified any instances of financial crime, anti-money laundering or counter-terrorism financing events, nor deficiencies with respect to safeguarding, capital adequacy or solvency measures.

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK regulator fines Mastercard and four others over prepaid cards cartelUK regulator fines Mastercard and four others over prepaid cards cartel via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Stripe signs five-year e-commerce agreement with Ford Motors | Business PostThe move will see the carmarker’s financial services arm partner with the payments giant to scale its payment capabilities
Source: businessposthq - 🏆 8. / 71 Read more »

Ireland ranked second highest for GDPR fines - surveyNearly €1.1 billion in fines have been imposed for a wide range of infringements of Europe's General Data Protection Regulation, a new survey shows today. What about data breaches about vax status?
Source: RTEbusiness - 🏆 16. / 61 Read more »

AIB to hike charges on deposits with negative rates as ECB long-fingers rate tweaksBank’s move to affect customers with over €1m in savings from May via IrishTimesBiz 🚿 of 🥒
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Over 700 parking fines were handed out on one Dublin street in 2021The highest number of fines on one street was 746, while the least was just 1.
Source: IrishMirror - 🏆 4. / 98 Read more »

UK employers add jobs in December as unemployment fallsThe broader UK unemployment rate for the three months to the end of November fell to 4.1%, the Office for National Statistics said today.
Source: RTEbusiness - 🏆 16. / 61 Read more »