Banks in the Northern Ireland region have been accused of laundering money for organised crime groups that have used them to launder cash.
It emerged on Thursday that a group of bank executives had been given access to confidential documents by the Irish bank that had been provided by the Sashinas bank to the Northern Irish police last month.
The police have launched an investigation into the allegations, which relate to money laundering and money laundering related to tax evasion, fraud and embezzlement, and it has asked for further information.
Mr O’Brien, the Northern bank’s chief executive, confirmed that he had been approached by the police about the alleged documents.
“It is alleged that there are two or more documents, which have been sent to the bank and were subsequently given to the police,” he said.
“The documents were provided by a confidential third party.”
“These documents relate to the activities of Sashins branch in the city of Kildare.”
Banks should act in accordance with the law and protect the information that they hold,” he added.”
I am aware of the investigation and I will provide any response that I have to the authorities in the coming days.
“Mr O’sBrien said that, despite the fact that the allegations are being investigated, there was no evidence of criminal activity.”
No investigation was undertaken and no information has been made available to the Police.
We will be in contact with the authorities if we need to.
“We are confident that we will prevail in this matter.”
Banks in Northern Ireland have been targeted by criminals linked to the criminal underworld and there has been an increase in money laundering activity as the banking industry struggles to cope with the influx of money.
Earlier this year, Irish police revealed that the Southeas branch was the site of an investigation that had linked a suspected paedophile ring to a bank.
The Sashinas branch in Kilkenny, Co Donegal, was closed in March this year following the arrests of three men, including a senior manager.
The suspects, who were charged with a range of offences including conspiracy to larceny, were found guilty.
The Northern bank is the second bank in the area to be investigated for alleged money laundering.
In February, the Financial Services Authority (FSA) opened an investigation after a woman in the City of Derry contacted the FSA about alleged criminal activity at the Northern Bank.
In that case, two people were arrested and three suspects were arrested in March.