Dona Ferentes
Abrió la caja, vio al gatito, y sonrió
- Joined
- 11 January 2016
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is that a 40% drop for EML ?
that's a bit like the bank manager saying your balance is outstanding!
EML advises that its Irish regulated subsidiary, PFS Card Services (Ireland) Limited, has received correspondence from the Central Bank of Ireland, including a letter received on Friday 14 May 2021 (Australian time) raising significant regulatory concerns (‘Correspondence’). The CBI is the relevant regulator in Ireland.
The CBI’s concerns relate to PCSIL’s Anti-Money Laundering / Counter Terrorism Financing, risk and control frameworks and governance. The Correspondence states that the CBI is minded to issue directions to PCSIL pursuant to section 45 of the Central Bank (Supervision and Enforcement) Act 2013.
EML told shareholders the Irish central bank is considering issuing directions over the firm’s Irish unit.
that's a bit like the bank manager saying your balance is outstanding!
EML advises that its Irish regulated subsidiary, PFS Card Services (Ireland) Limited, has received correspondence from the Central Bank of Ireland, including a letter received on Friday 14 May 2021 (Australian time) raising significant regulatory concerns (‘Correspondence’). The CBI is the relevant regulator in Ireland.
The CBI’s concerns relate to PCSIL’s Anti-Money Laundering / Counter Terrorism Financing, risk and control frameworks and governance. The Correspondence states that the CBI is minded to issue directions to PCSIL pursuant to section 45 of the Central Bank (Supervision and Enforcement) Act 2013.