Financial Conduct AuthorityOct 112 min readNewsFCA fines Starling Bank £29m for failings in their financial crime systems and controlsThe FCA has fined Starling Bank Limited £28,959,426 for financial crime failings related to its financial sanctions screening. It also...
Financial Conduct AuthorityOct 13, 20233 min readNewsFinancial watchdog fines Equifax Ltd £11 million for role in a large cyber security breachCyber-hackers were able to access the personal data of approximately 13.8 million UK consumers.
Financial Conduct AuthorityOct 11, 20232 min readNewsFCA decides to fine and ban James StaleyThe FCA has decided to fine former CEO of Barclays, James Staley, £1.8 million.
Financial Conduct AuthorityOct 1, 20232 min readNewsFCA fines ADM Investor Services International £6.5m for serious financial crime control failingsThe 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 AuthorityDec 9, 20222 min readNewsFCA fines Santander UK £107.7 million for repeated anti-money laundering failuresSantander had ineffective systems to adequately verify the information provided by customers about the business they would be doing.
Financial Conduct AuthorityDec 17, 20212 min readNewsFCA fines HSBC Bank plc £63.9 million for deficient transaction monitoring controlsKey parts of HSBC’s transaction monitoring systems showed serious weaknesses over a period of eight years until March 2018.