Financial Conduct Authority
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.
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Financial Conduct Authority
Dec 17, 20212 min
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.
6
Financial Conduct Authority
Dec 13, 20213 min
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...
6
Financial Conduct Authority
Apr 8, 20194 min
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.
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Andrew Travis
Jul 3, 20173 min
Curbing Corruption in the Workplace: A look into the Samsung Corruption Scandal
As the corruption scandal in South Korea continues to erupt, it takes new dimensions with each revelation; pulling down the reputation of...
19
Andrew Travis
Jun 19, 20173 min
Deferred Prosecution Agreements: The latest weapon in the SFO’s armoury
A Deferred Prosecution Agreement (DPA) is an agreement reached between a prosecuting body and a corporate entity. The agreement provides...
22
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