Britain's watchdog fines Metro Bank $20 million for control failings
Britain's Financial Conduct Authority (FCA) has fined Metro Bank 16 million pounds ($20.51 million), for failings in its anti-money laundering controls between June 2016 and December 2020.
Metro Bank fined £16.7 million for financial crime failings
The Financial Conduct Authority issued a penalty to Metro Bank after its systems failed to spot potentially suspicious customer accounts
Metro Bank fined over money laundering risks
The Financial Conduct Authority (FCA) has fined Metro Bank £16.7 million for failures in its anti-money laundering systems. Between June 2016 and December 2020, Metro Bank failed to have adequate monitoring systems in place for over 60m transactions, with a value of over £51bn.
Metro Bank given hefty fine by City regulator for financial crime failings
Metro Bank has been fined over £16.7m by the City watchdog for failing to properly check whether transactions were a financial crime risk. The Financial Conduct Authority (FCA) said that Metro Bank had failed to adequately monitor over 60m transactions for money laundering risks between June 2016 and December 2020.
Metro Bank Fined £16.7 Million for Anti-Money Laundering Lapses
Metro Bank Holdings Plc was fined £16.7 million ($21.4 million) by the UK’s Financial Conduct Authority for failing to adequately monitor billions of pounds worth of transactions for money laundering risks. The lender implemented a new, automated system ...
Metro Bank fined £16.7m over financial crime failings
Metro Bank has been fined £16.7 million in relation to failures that meant it was unable to adequately monitor for money laundering risks. The failings identified in today’s penalty by the Financial Conduct Authority (FCA) relate to the period between June 2016 and December 2020.
After fining Metro Bank and Starling, which challenger bank will the FCA target next?
The FCA has signalled that it is ready to take a hard line against challenger banks for financial crime failings.
Metro Bank fined £16.6m by regulator over money laundering checks failures
The issues, which continued for four years despite concerns being raised by junior staff, applied to more than 60 million transactions with a value of more than £51bn according to the Financial Conduc
FCA fines Metro Bank £16.7m for financial crime failings
The city regulator has fined Metro Bank £16.7m for financial crime failings over a four-year period between 2016 and 2020.
Metro Bank hit with £16.7m fine over money laundering control failures
The Financial Conduct Authority (FCA) has fined Metro Bank £16.7 million for failing to properly monitor billions of pounds worth of transactions for potential money laundering risks over a four-and-a
Metro Bank fined £17mn for anti-money laundering control failings
Metro Bank has been fined almost £17mn by the UK financial watchdog for failing to fix “serious deficiencies” in an automated system to check transactions for potential money laundering until four years after it was installed.
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FCA slaps Metro Bank with $21M fine for inadequate AML monitoring
The U.K. Financial Conduct Authority (FCA) has fined Metro Bank 16.6 million pounds (U.S. $21 million) for an ...
Britain's FCA fines Metro Bank $20 million for anti-money laundering failings
Britain's Financial Conduct Authority (FCA) has fined Metro Bank 16 million pounds ($20.51 million), for failings in its anti ...