Anti-Money Laundering

General statement on Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF)

Allied Irish Banks p.l.c. and its branches and subsidiaries (collectively referred to hereinafter as 'AIB') are firmly committed to participating in international efforts to combat money laundering and the funding of terrorist and criminal activities.

AIB has its headquarters in Dublin, Ireland and is regulated by the Central Bank of Ireland. Ireland is a member country of the Financial Action Task Force (FATF) and the European Union (EU) and has enacted laws and guidelines to implement the anti-money laundering and counter terrorist financing policies of both FATF & the EU.

AIB implements an AML program that includes the following AML/CTF principles in all the jurisdictions in which AIB operates:

  • written policies and procedures
  • the appointment of a designated Money Laundering Reporting Officer
  • establishing the identification of all relevant clients and beneficial owners
  • applying enhanced due diligence measures in relation to customers presenting a higher risk, including Politically Exposed Persons (PEPs)
  • reporting to the relevant authority where there are reasonable grounds to suspect that a money laundering or terrorist financing offence has been, or is being, committed and co-operate with the authority
  • retention of relevant records
  • regular staff training
  • conducting business with 'shell' banks precluded (as defined within the FATF 40 recommendations)
  • independent compliance/audit departments to review AML programmes as well as external reviews by the regulators/external auditors.

November, 2013


Terms and Conditions

Access to this Site and the use of information contained on it is governed by the terms and conditions set out below. These terms and conditions are important and are for the protection of both you and AIB. Please take the time to read the terms and conditions carefully. By proceeding further you will be deemed to have accepted them. Please note that references to "we" or “AIB” means Allied Irish Banks, p.l.c. and our subsidiaries and associates

1. This Site is established in Ireland in accordance with and subject to the laws of Ireland and will be governed by the laws of that country. When you use the Site, you accept that your use of the Site and any information on the Site (including these terms and conditions), will also be governed by the laws of Ireland and if any claim or dispute arises from your use of the Site and any of the information on it, you agree that the Irish courts will have exclusive jurisdiction over all such claims or disputes.

2. The distribution of information on the Site may be restricted by local law or regulation in certain jurisdictions. The information is not intended for distribution to, or use by, any person or entity in any such jurisdiction and persons accessing these pages should inform themselves about and observe any such restrictions. If you are in any doubt as to whether this Site can be lawfully used by you please do not proceed further.

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Nothing in these terms and conditions attempt to exclude liability which is not permissible under applicable law, including for death or personal injury, or for fraudulent misrepresentation.

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