THE country’s most notorious bank wants to hire consultants to teach its staff how to spot bogus financial transactions and other dodgy dealings.
Anglo Irish Bank issued a statement last week asking companies to tender to provide e-learning courses for staff to get them up to speed on suspect transactions.
The “request for proposal” was issued so that suppliers could provide tutelage in “anti-money laundering and data protection”.
The document said: "Founded in 1964, Anglo provides bespoke business lending, wealth management, personal deposit and corporate treasury services to well-defined target services.
“Anglo has offices in Ireland, UK, Isle of Man, Jersey, Austria, Germany and USA… [we employ] 1,300 staff throughout the world.”
The course will be provided to 950 members of staff with all employees expected to complete an examination on the legislation.
The bank said: "Each course and test must be taken and passed by all employees in Ireland on an annual basis.
tribune.ie/news/home-news/ar … gus-deals/
I really wish they would flush the fucking money down the toilet at this point,it would just save so much time and pointless spin…I mean whats the point??? really whats the point???
the pony has well and truly fucked off and he took the stable door with him…along with the stable,the yard,the farm and most of the parish.
Sounds to me like standard AML training as mandated per legislation. This is common to every financial institution in the western world. This is not a news story.
Does Ireland enforce penalties for breach of AML Legislation yet? I’m sure this investment will return multi-fold in the future if they do.
A guy I know had a job pulling beers at the bar of a sports ground. The holding company for the asset became distressed and it came under bank ownership. At the end of financial year the bank had to fully consolidate the asset (the bank had naming rights to the sports ground and also held the sub debt for the asset). The staff of the sports ground were deemed to be bank employees and they had to go on AML training! You can imagine how happy they were about that.