FCA Fines Metro Bank £10 Million for Anti-Money Laundering Compliance Lapses
Yet more issues with compliance among UK based banks, as the UK regulator handed out another fine in December, this time to Metro Bank. London-headquartered Metro Bank was fined for publishing incorrect information to investors, something that the Financial Conduct Authority (FCA) says the bank was fully aware of. In fact, the FCA is so convinced that the top team at Metro Bank knew about the failure in compliance that it has also taken action against former Chief Executive Craig...
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