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Published date: 18 September 2017

Notice issued to Ms Anne Butterly

A Notice has issued to Ms Anne Butterly, former Manager of Rush Credit Union, prohibiting her from carrying out any controlled functions, including pre-approval controlled functions, in any regulated financial service provider for an indefinite period. The prohibition arises from a Central Bank investigation into Ms Butterly’s involvement in unauthorised transactions on accounts at Rush Credit Union.

Brenda O’Neill, the Head of Enforcement Investigations, said:

“In 2016, financial irregularities were identified at Rush Credit Union which contributed to it being placed into liquidation. As a result of the identification of these irregularities, the Central Bank’s Enforcement Division commenced investigations into various individuals including Ms Butterly. The investigation into Ms Butterly has now concluded with the issue of a prohibition order of indefinite duration, which is the most serious possible outcome to a fitness and probity investigation.

This outcome shows that that