Ann: Chairman and CEO Presentation - 2021 AGM, page-8

So CBI was just worried about what could happen and wanted EML to put in some safeguards? Am I understanding correctly?

“the Central Bank of Ireland has not identified any instances of Financial crime, AML or CTF events, nor deficiencies with respect to safeguarding, capital adequacy, or solvency measures.

The remediation plan that we have committed ourselves to is focused on our control frameworks and it is the position of the Central Bank that unless control frameworks are to their expectation then an unacceptable risk of AML/CTF exists.”