Bank of Ireland said that none of the client funds at its private banking division have been affected by an internal probe.
The bank’s internal auditors are investigating possible irregularities in the division, reported the Sunday Independent.
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It is believed the alleged irregularities are related to the actions of one individual who was suspended last month.
According to Sunday Independent, the bank has been carrying out the probe for the past six weeks internally and neither the Garda fraud squad nor any other enforcement agency had been contacted.
The banks spokesman Pat Farrell said: "Whilst it is bank policy not to comment on internal matters, the bank confirms that no clients are impacted. All our customers can be assured that there is no cause for concern."
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