Australian fintech EML Payments has retained solicitors Arthur Cox and professional services firm PwC to help it deal with a Central Bank of Ireland (CBI) investigation into its Irish unit. Arthur Cox provided legal advice to EML on that deal. The Central Bank’s concerns relate to anti-money-laundering and counter-terrorism financing matters, risk, control frameworks and governance at PFS Card Services (Ireland). EML said that it cannot determine the financial impact of the matter on its results for the upcoming financial year. It added that the ongoing engagement with the Central Bank “may see an impact of delayed programme launches”, potentially affecting its income.

Source: The Irish Times June 10, 2021 04:41 UTC