By AML Intelligence Correspondents BRITISH bank Monzo was today fined Stg£21m fine by the Financial Conduct Authority for “repeatedly” opening accounts for “high-risk” customers without proper KYC . Moreover the fintech was reprimanded for failing to keep the pace of its FCC requirements in line with its customer and product growth. Between August 2020 and Read More
Home » BREAKING: British fintech Monzo fined Stg£21 million for AML failings; bank ‘repeatedly’ onboarded ‘high risk’ customers without KYC
BREAKING: British fintech Monzo fined Stg£21 million for AML failings; bank ‘repeatedly’ onboarded ‘high risk’ customers without KYC
- AML Peers
- door Stephen Rae
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