Oireachtas Joint and Select Committees
Tuesday, 20 December 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland: Central Bank of Ireland
11:00 am
Mr. Ed Sibley:
It would most likely have been slightly influenced by the seriousness of the issues and they were serious in terms of the lack of compliance with the requirements on money laundering. We take into account mitigating factors in terms of how the matter was identified, dealt with and remediated, the size of the institution and type of business and the seriousness of the breaches. In this case, the breaches were serious.
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