Metro Bank given hefty fine by City regulator for financial crime failings Banking 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.
Ukraine: Global anti-money laundering body must ‘blacklist’ Russia after North Korea defence pact POLITICS Ukraine has called on the world’s anti-money laundering standards body to ‘blacklist’ Russia after the nation bolstered its ties with North Korea.
HSBC ‘seriously violated’ Swiss money laundering rules, regulator says Banking HSBC's Swiss private bank failed to conduct adequate checks on more than $300m (£236m) worth of transactions over the course of 13 years, the country's banking regulator has found.
UK failing to fight ‘dirty money epidemic’ costing £350bn a year, MPs warn April 17, 2024 The UK is “utterly failing” to fight the “dirty money epidemic” that is costing £350bn a year, MPs have warned.