24 January 2012
The Central Bank inspected the business of Dunne and Maxwell Limited trading as yourmoney.ie, whose registered office is Room 6, Clarendon House, Clarendon Street, Dublin 2. As a result of this inspection, the Central Bank has reasons to be concerned about the nature of this firm’s operations and the handling of consumers’ monies.
The Central Bank has communicated directly with the clients of Dunne and Maxwell Limited to advise them to cease all payments with immediate effect and to be aware that Dunne and Maxwell may not be in a position to pay any bills on their behalf to lenders or other creditors.
Customers of Dunne and Maxwell Limited are advised to check directly with their creditors to discuss what new arrangements need to be put in place for the future.
The Central Bank is also contacting the creditors of customers of Dunne and Maxwell Limited and encouraging them to treat sympathetically any customers who have been adversely affected by Dunne and Maxwell Limited.