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EML Payments’ Irish arm gets €6.2m from parent company

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Australian fintech has been in remediation programme since 2021 due to concerns about anti-money laundering deficiencies at Meath-based subsidiary

The Irish arm of EML Payments recently received a €6.2 million top-up from its parent company, newly filed documents show.

EML has been undergoing a remediation programme since 2021 after concerns were raised by the Central Bank of Ireland over anti-money laundering deficiencies at Prepaid Financial Services, its Meath-based subsidiary, which it acquired in a multimillion euro deal in 2020. The company recently appointed Kevin Murphy, former managing director of Bank of Ireland’s cards business, ...

 

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EML Payments’ Irish arm gets €6.2m from parent companyAustralian fintech has been in remediation programme since 2021 due to concerns about anti-money laundering deficiencies at Meath-based subsidiary
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