Metro Bank fined £16m over money laundering failures

Britain's FCA fines Metro Bank $20 million for anti-money laundering failings
Britain's Financial Conduct Authority (FCA) has fined Metro Bank 16 million pounds ($20.51 million), for failings in its anti-money laundering controls between June 2016 and December 2020. The bank failed to have the right systems and controls to adequately monitor more than 60 million transactions,
TD’s new anti-money laundering chief calls on financial sector to learn from bank’s shortcomings
Toronto-Dominion Bank anti-money-laundering chief Herbert Mazariegos is urging the financial sector to learn from his bank’s failures, cautioning the industry that criminals are targeting other institutions to wash illicit funds.
Metro Bank fined more than £16m for money-laundering failures
High Street lender failed to adequately check more than 60 million customer transactions, valued at more than £51 billion.
Metro Bank fined £17mn for anti-money laundering control failings
Metro Bank has been fined almost £17mn by the UK financial watchdog for failing to fix “serious deficiencies” in an automated system to check transactions for potential money laundering until four years after it was installed.
Britain's watchdog fines Metro Bank $20 million for control failings
Britain's Financial Conduct Authority (FCA) has fined Metro Bank 16 million pounds ($20.51 million) for failings in its anti-money laundering controls, in the latest blow to the struggling mid-sized lender.
Metro Bank fined £16.6m for failings over money laundering checks
Metro Bank fined £16.6m for failings over money laundering checks - The lender, which has about three million UK customers, failed to check for money laundering on millions of transactions up to 2020.
Metro Bank fined £16.7m by FCA for financial crime control failures
Metro Bank has been fined almost £16.7m after a City watchdog probe found historic failures in the lender's money laundering checks.
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Metro Bank Fined £16.7 Million for Anti-Money Laundering Lapses
Metro Bank Holdings Plc was fined £16.7 million ($21.4 million) by the UK’s Financial Conduct Authority for failing to ...
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Crypto Anti-Money Laundering Specialist Notabene Raises $14.5M
Notabene CEO Pelle Braendgaard believes Donald Trump will emulate what the European Commission is doing in order to bring ...
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Column: A huge bank pleaded guilty to conspiring to launder money, so why weren’t top executives charged?
The settlement will cost TD Bank more than $3 billion in penalties and includes a guilty plea to a count of conspiring to ...
TD Worker Fighting Money Laundering Accused of Stealing Data
A former Toronto-Dominion Bank employee in its anti-money-laundering department was charged with stealing customer ...
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Updates to the British Virgin Islands Anti-Money Laundering regime and changes for MLROs
Prior regulatory approval is now required for MLRO appointments – previously it was a notification requirement that had to be submitted within 14 ...
Key Skills to Thrive in Anti-Money Laundering Careers
Participation in anti-money laundering practices requires coordination with countries that have different regulations. Such knowledge serves the important purpose of enhancing compliance when dealing ...
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Anti-Money Laundering Law updated
In addition, the law updates the definition of anti-money laundering in the new era, clarifying that it refers to actions ...
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Singapore publishes anti-money laundering strategy
Singapore, site site of one of the world’s biggest money-laundering cases, has published a new National AML Strategy.
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Spain: Head of anti-money laundering unit arrested with €20 million hidden at home
Spanish authorities have arrested Óscar Sánchez Gil, the head of the anti-money laundering division of the Madrid police, and his partner, a fellow police officer, on suspicion of involvement with a ...