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Our latest thinking on financial crime compliance, regulatory change, technology, and the forces reshaping global risk management.
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FCA fines Metro Bank £16m for financial crime failings
The FCA has fined Metro Bank PLC (Metro) £16,675,200. Â
Financial Conduct Authority
Nov 13, 20242 min read
0
FCA fines Starling Bank £29m for failings in their financial crime systems and controls
The FCA has fined Starling Bank Limited £28,959,426 for financial crime failings related to its financial sanctions screening. It also...
Financial Conduct Authority
Oct 11, 20242 min read
7
Financial watchdog fines Equifax Ltd £11 million for role in a large cyber security breach
Cyber-hackers were able to access the personal data of approximately 13.8 million UK consumers.
Financial Conduct Authority
Oct 13, 20233 min read
6
FCA decides to fine and ban James Staley
The FCA has decided to fine former CEO of Barclays, James Staley, £1.8 million.
Financial Conduct Authority
Oct 12, 20232 min read
3
FCA fines ADM Investor Services International £6.5m for serious financial crime control failings
The FCA raised concerns with ADMISI in 2014 about its AML systems, including the absence of a formal process to classify customers by risk.
Financial Conduct Authority
Oct 2, 20232 min read
13
FCA fines Santander UK £107.7 million for repeated anti-money laundering failures
Santander had ineffective systems to adequately verify the information provided by customers about the business they would be doing.
Financial Conduct Authority
Dec 9, 20222 min read
3
FCA fines HSBC Bank plc £63.9 million for deficient transaction monitoring controls
Key parts of HSBC’s transaction monitoring systems showed serious weaknesses over a period of eight years until March 2018.
Financial Conduct Authority
Dec 17, 20212 min read
10
NatWest fined £264.8 million for anti-money laundering failures
National Westminster Bank Plc (NatWest) was today fined £264,772,619.95 following convictions for three offences of failing to comply...
Financial Conduct Authority
Dec 13, 20213 min read
9
FCA fines Standard Chartered Bank £102.2 million for poor AML controls
Serious and sustained shortcomings in Standard Chartered’s AML controls relating to customer due diligence and ongoing monitoring.
Financial Conduct Authority
Apr 9, 20194 min read
36
When goods go bad
Innovation has been synonymous with business growth for decades and continues to be so. Compliance, however, is a word innovators within...
OpusDatum
Apr 10, 20173 min read
55
Regtech: The new frontier?
Regtech is the new buzzword in the fintech sector. Combining regulation and technology, some hope this will transform how government,...
OpusDatum
Jan 30, 20172 min read
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