Metro Bank

Metro Bank fined £16m over financial crime failings

12th November 2024 Consumer Lending | #FCA #Metro Bank

The Financial Conduct Authority (FCA) has fined Metro Bank £16.75 million. An FCA investigation found that between June 2016 and December 2020, Metro Bank failed to have the right systems and controls to adequately monitor over 60 million transactions, with a value of over £51 billion, for money laundering risks. Metro Bank automated the monitoring of…

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Metro Bank

Metro Bank fined £16m over financial crime failings

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