By AML Intelligence Correspondents BRITAIN’s Financial Conduct Authority (FCA) has fined Barclays Bank UK PLC and Barclays Bank PLC a total of £42 million for separate instances of failings in its financial crime risk management. The first case relates to WealthTek, a case in which investors lost millions. The second involves Stunt & Co which Read More
Home » BREAKING: FCA fines Barclays £42 million for major KYC failings in two cases, involving OCG laundering and investor losses
BREAKING: FCA fines Barclays £42 million for major KYC failings in two cases, involving OCG laundering and investor losses
- AML Peers
- door Stephen Rae
Related Posts
NEWS: US sanctions shipping network for smuggling oil from Iran
THE U.S. Treasury Department has sanctioned a network of shipping companies and vessels for smuggling Iranian oil disguised as Iraqi oil. Read More
LATEST: Chinese payments giant Alipay fined in Luxembourg for ‘serious’ AML breaches
CHINESE payment platform Alipay has been fined €214,000 by Luxembourg’s financial regulator for ‘serious’ breaches of AML breaches. Read More
NEWS: UK money laundering prosecutions surged by 36% in 2024
THE UK government reported a strong increase in the number of prosecutions for money laundering offences in 2024. Read More