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Sat 05 May 2004AIB failed to inform watchdog of charges in 1998AIB failed to tell the State's consumer watchdog in 1998 that it had been overcharging customers for non-cash foreign exchange services for the previous four years, after the regulator had specifically asked the bank to ensure that it was applying the correct fees to all transactions. Barry O'Halloran reports.The news emerged yesterday after AIB announced that former Comptroller and Auditor General (C&AG), Mr Laurie McDonnell, would lead the internal investigation into the overcharging that has left it with a potential €25 million liability.