News Formal

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

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 71%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

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, ...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

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

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
Source: businessposthq - 🏆 8. / 71 Read more »