The Central Bank of Ireland have provided the following tables setting out the number and details of enforcement proceedings by the Central Bank in each of the years since 2013 (to date).
Enforcement actions against regulated firms and individuals under the Administrative Sanctions Procedure (ASP)
|
Year
|
Number
|
Fines Imposed
|
|
2019
|
3*
|
€22,526,189
|
|
2018
|
10
|
€7,441,000
|
|
2017
|
11
|
€7,239,970
|
|
2016
|
9
|
€12,075,750
|
|
2015
|
9
|
€7,338,040
|
|
2014
|
11
|
€5,422,450
|
|
2013
|
16
|
€6,348,215
|
|
Total
|
69
|
€68,391,614
|
* Note: while there have been three concluded Enforcement outcomes under the ASP to date in 2019, there are a significant number of actions under way and it is expected that the number of outcomes for the year will be in line with previous years.
2019
|
|
Case Name
|
Sector
|
Fine Imposed
|
Date
|
|
1
|
Bank of Montreal Ireland plc
|
Banking
|
€1,246,189
|
26/04/2019
|
|
2
|
Campbell O’Connor & Company
|
Stockbroker
|
€280,000
|
08/05/2019
|
|
3
|
Permanent tsb plc
|
Banking
|
€21,000,000
|
30/05/2019
|
2018
|
|
Case Name
|
Sector
|
Fine Imposed
|
Date
|
|
1
|
Michael P. Walsh
|
Credit Institutions
|
€20,000
|
22-Jan-18
|
|
2
|
Bastow Charleton Wealth Management
|
Investment Firm
|
€220,000
|
27-Mar-18
|
|
3
|
Appian Asset Management
|
Investment Firm
|
€443,000
|
13-Jun-18
|
|
4
|
St.Canice's Credit Union
|
Credit Union
|
€210,000
|
21-Jun-18
|
|
5
|
PartnerRe Ireland Insurance dac (PRIID)
|
Insurance
|
€910,000
|
16-Aug-18
|
|
6
|
Partner Reinsurance Europe SE (PRESE)
|
Insurance
|
€630,000
|
16-Aug-18
|
|
7
|
CitiBank Europe plc
|
Banking
|
€1,330,000
|
03-Oct-18
|
|
8
|
E-Services and Communications Credit Union Limited
|
Credit Union
|
€155,000
|
24-Oct-18
|
|
9
|
Tom McMenamin
|
Credit Institiutions
|
€23,000
|
06-Dec-18
|
|
10
|
RSA
|
Insurance
|
€3,500,000
|
18-Dec-18
|
2017
|
|
Case Name
|
|
Fine Imposed
|
Date
|
|
1
|
Kinsale Capital Management Limited
|
Investment Firm
|
€275,000
|
14-Feb-17
|
|
2
|
Drimnagh Credit Union Limited
|
Credit Union
|
€125,000
|
07-Mar-17
|
|
3
|
Allied Irish Banks plc
|
Banking
|
€2,275,000
|
24-Apr-17
|
|
4
|
The Governor and Company of the Bank of Ireland
|
Banking
|
€3,150,000
|
26-May-17
|
|
5
|
Intesa Sanpaolo Life dac
|
Insurance
|
€1,000,000
|
23-Nov-17
|
|
6
|
Albert Reilly t/a Albert Reilly Insurance and Financial Consultants
|
Intermediary
|
€1,470
|
27-Nov-17
|
|
7
|
Lupton Financial Services Limited t/a Lupton & Co. Financial Services
|
Intermediary
|
€1,225
|
28-Nov-17
|
|
8
|
Lorna Heffernan Finance Limited
|
Intermediary
|
€1,050
|
30-Nov-17
|
|
9
|
Robert Moynihan
|
Intermediary
|
€1,225
|
01-Dec-17
|
|
10
|
Merrion Stockbrokers Limited
|
Stockbrokers
|
€200,000
|
12-Dec-17
|
|
11
|
BCP Asset Management DAC
|
Investment Firm
|
€210,000
|
18-Dec-17
|
2016
|
|
Case Name
|
Sector
|
Fine Imposed
|
Date
|
|
1
|
Arch Reinsurance Europe Underwriting dac
|
Insurance
|
€275,000
|
15-Mar-16
|
|
2
|
Seamus Sutcliffe t/a The Mortgage Centre
|
Intermediary
|
€2,750
|
30-Jun-16
|
|
3
|
New Ireland Assurance Company plc.
|
Insurance
|
€650,000
|
13-Jul-16
|
|
4
|
Axa Insurance Ireland Limited
|
Insurance
|
€675,000
|
26-Jul-16
|
|
5
|
KBC Bank Ireland plc
|
Banking
|
€1,400,000
|
06-Oct-16
|
|
6
|
Capita Life and Pensions Services (Ireland) Limited
|
Intermediary
|
€1,150,000
|
11-Oct-16
|
|
7
|
Ulster Bank Ireland DAC
|
Banking
|
€3,325,000
|
27-Oct-16
|
|
8
|
Springboard Mortgages
|
Retail Credit Firm
|
€4,500,000
|
24-Nov-16
|
|
9
|
Bray Credit Union
|
Credit Union
|
€98,000
|
06-Dec-16
|
2015
|
|
Case Name
|
Sector
|
Fine Imposed
|
Date
|
|
1
|
Western Union Payment Services Ireland Limited
|
Payment Institution
|
€1,750,000
|
14-May-15
|
|
2
|
Tadhg Gunnell (PCM Bloxham Stockbrokers)
|
PCM
|
€105,000
|
20-May-15
|
|
3
|
INBS
|
Banking
|
€5,000,000
|
14-Jul-15
|
|
4
|
Irish Taxi Owners' Co-Op Credit Union Limited
|
Credit Union
|
€5,000
|
14-Oct-15
|
|
5
|
Michael Hogan (PCM Irish Taxi Owners' Co-Op Credit Union Limited)
|
PCM
|
N/a
|
14-Oct-15
|
|
6
|
Lambay Capital Limited T/A MKW Futures
|
Investment Firm
|
€49,000
|
01-Dec-15
|
|
7
|
Octagon Online Services Limited
|
Investment Firm
|
€105,000
|
08-Dec-15
|
|
8
|
H. & P. Car Sales Limited
|
Intermediary
|
€1,540
|
10-Dec-15
|
|
9
|
Computershare Investor Services (Ireland) Limited
|
Investment Firm
|
€322,500
|
15-Dec-15
|
2014
|
|
Case Name
|
Sector
|
Fine Imposed
|
Date
|
|
1
|
Ava Capital Markets Limited
|
Investment Firm
|
€165,000
|
04-Mar-14
|
|
2
|
UniCredit Bank Ireland plc
|
Banking
|
€315,000
|
13-Mar-14
|
|
3
|
Anthony Henneberry t/a Anthony Henneberry Financial Services
|
Intermediary
|
€640
|
14-Mar-14
|
|
4
|
LGT Capital Partners (Ireland) Limited
|
Investment Firm
|
€95,000
|
28-Mar-14
|
|
5
|
FBD Insurance plc
|
Insurance
|
€490,000
|
08-May-14
|
|
6
|
Squared Financial Services Limited
|
Investment Firm
|
€100,000
|
16-May-14
|
|
7
|
Bank of Montreal Ireland p.l.c.
|
Banking
|
€650,000
|
21-May-14
|
|
8
|
E. Tarrant & Sons (Car Sales) Ltd
|
Intermediary
|
€910
|
16-Oct-14
|
|
9
|
Seamus McGrath t/a Seamus McGrath Financial Services
|
Intermediary
|
€900
|
17-Oct-14
|
|
10
|
Ulster Bank Ireland Ltd
|
Banking
|
€3,500,000
|
06-Nov-14
|
|
11
|
Provident Personal Credit Ltd t/a Provident
|
Moneylender
|
€105,000
|
26-Nov-14
|
2013
|
|
Case Name
|
Sector
|
Fine Imposed
|
Date
|
|
1
|
MacDonagh Boland Crotty MacRedmond Limited t/a Aon MacDonagh Boland
|
Intermediary
|
€65,000
|
22-Jan-13
|
|
2
|
C&C Group Plc
|
Non-RFSP
|
€90,000
|
30-Jan-13
|
|
3
|
Quinn Insurance Limited (Under Administration)
|
Insurance
|
€5,000,000
|
18-Feb-13
|
|
4
|
John D. O'Connor t/a John D. O'Connor Financial Services
|
Intermediary
|
€1,100
|
06-Mar-13
|
|
5
|
Smyths Insurance Brokers Ltd and Raymond Smyth
|
Intermediary
|
€12,000
|
11-Apr-13
|
|
6
|
MOD Financial Services Limited
|
Intermediary
|
€420
|
21-Jun-13
|
|
7
|
Susquehanna International Securities Limited
|
Stockbrokers
|
€78,000
|
25-Jun-13
|
|
8
|
Ryan Motor Power Limited
|
Intermediary
|
€1,000
|
25-Jun-13
|
|
9
|
Stephen Redmond t/a SJ Redmond & Associates
|
Intermediary
|
€520
|
30-Jul-13
|
|
10
|
Rocklands Financial Limited
|
Intermediary
|
€650
|
07-Aug-13
|
|
11
|
P Walpole & Sons Limited t/a Central Motors
|
Intermediary
|
€525
|
05-Sep-13
|
|
12
|
Oxendale & Co Ltd
|
Moneylender
|
€8,000
|
11-Sep-13
|
|
13
|
AXA MPS Financial Ltd
|
Investment Firm
|
€50,000
|
03-Oct-13
|
|
14
|
John Campbell t/a Campbell Financial Services
|
Intermediary
|
€1,000
|
05-Nov-13
|
|
15
|
CitiBank Europe plc
|
Banking
|
€550,000
|
11-Dec-13
|
|
16
|
Allied Irish Banks, p.l.c.
|
Banking
|
€490,000
|
17-Dec-13
|
