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Bank of Ireland fined over anti-fraud checks by UK payments regulator

( February 19, 2026, 15:15 GMT | Official Statement) -- MLex Summary: Bank of Ireland's UK arm has been fined £3.7 million by the Payment Systems Regulator for failing to put in place anti-fraud checks for more than a year after it was required to. The PSR said the lender didn't implement Confirmation of Payee checks by the required deadline which led to £6.9 billion worth of payments at risk. Statement follows. Decision notice is attached....

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