Part IIIC of the Central Bank Act 1942, as amended, provides the Central Bank of Ireland with the power to administer sanctions in respect of the commission of prescribed contravention(s) by Regulated Financial Service Providers (RFSP) regulated by the Central Bank of Ireland, and by persons presently or formerly concerned in the management of RFSPs who have participated in the prescribed contravention(s) committed by the RFSP.
The Central Bank of Ireland is not in a position to comment on financial penalties imposed by regulators in other jurisdictions.
Further information on the Central Bank's Administrative Sanctions Procedure can be found on the Bank's website, available at the following link: www.centralbank.ie/regulation/how-we-regulate/enforcement/administrative-sanctions-procedure.