Metro Bank, Banking, Business, UK news Business | The Guardian
FCA finds lender failed to check more than 60m transactions valued at £51bnBusiness live – latest updatesMetro Bank has been fined nearly £17m by the UK’s financial watchdog for failings in its money laundering controls over four years.The Financial Conduct Authority (FCA) issued the £16.7m penalty after finding failures in monitoring 60m transactions over a four-year period that risked a “gap being left in the defence against the criminal use of the financial system”. Continue reading…
FCA finds lender failed to check more than 60m transactions valued at £51bn
Metro Bank has been fined nearly £17m by the UK’s financial watchdog for failings in its money laundering controls over four years.
The Financial Conduct Authority (FCA) issued the £16.7m penalty after finding failures in monitoring 60m transactions over a four-year period that risked a “gap being left in the defence against the criminal use of the financial system”.
