Former Director of the credit Union were forbidden to hold any responsible position in a financial company

  • Former Director of the credit Union were forbidden to hold any responsible position in a financial company
    Independent.t. E.
    Former Director of the credit Union it was forbidden to hold any responsible position in any financial firms.
    https://www.independent.ie/business/personal-finance/former-credit-union-director-banned-from-holding-any-position-of-responsibility-in-financial-firm-37255763.html
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Former Director of the credit Union it was forbidden to hold any responsible position in any financial firms.

It comes after suspected financial irregularities to the credit Union workers on the city bus in Dublin was reported to the police and the Central Bank.

Now the Central Bank has issued a notification banning David stamp, former Director of the credit Union employees city bus’ society prohibits them from carrying out any controlled function, including pre-approval controlled functions in which regulated financial service provider for an indefinite period.

This step was taken after the investigation of the Central Bank in the management of Mr. Stamper premium subscriber to attract CU on the city bus.

The regulator said it found that Mr. Stamper is responsible for the theft of large sums of money from urban bus vehicle between 2010 and 2015.

Mr. Stamper has cooperated fully with the investigation of the Central Bank, said in a statement the regulator said.

He was investigated under the Central Bank fitness and probity.

The Director of the Department of law enforcement and the fight against money laundering in the Central Bank Seana Cunningham, said: “the Central Bank will continue to hold individuals accountable when they do not meet expected standards of suitability and integrity.

“Such high standards that the financial services industry and the General public rightly expect on his older face.

“To lead Mr Stamper was far from the standards justifying the granting of a ban for an indefinite period, which is the most serious of the possible results of the fitness and research on the lie detector.”

In June, in this publication it was revealed that employees of the city bus CU spent a huge amount of money sensing and eliminating losses from fraud.

In General, fraud is €218,000 employees credit city bus unions whose members work for Dublin bus.

But the cost of the investigation and the members of the compensation means it ran up total losses of €1.2 million in 2016.

Participants who took part in the annual General meeting sat in June were left disappointed when officials of the credit Union are unable to provide them with information about financial irregularities.

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