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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 £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.
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.
Britain's FCA fines Metro Bank 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.
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.
The New York Times
1h
At COP29, Britain Announces Ambitious Climate Targets
By Somini Sengupta
Britain
on Tuesday announced the swiftest, most ambitious climate target of any industrial economy. In ...
7h
on MSN
Britain’s Queen Camilla returns to public duties after chest infection
Britain’s Queen Camilla is set to return to public duties after missing weekend events commemorating the nation’s war dead ...
7h
on MSN
Britain’s soaring reliance on foreign power exposes the great green energy scam
News that Britain now has the highest industrial energy prices in the world, has fallen out of the world’s top ten ...
1h
Frank Auerbach, One of Britain’s Most Celebrated Artists, Dies at 93
Known for his unyielding seven-day-a-week work schedule, he returned again and again to the same models and London street ...
spectator.com.au
3h
The truth about Britain’s transition to ‘clean energy’
Post-war, my mother fled a
Britain
still in the grip of shortages, while my father left a Viennese home illuminated by a ...
1h
Post Office 'will close 115 branches across Britain and cut hundreds of jobs'
Talks of the closures come ahead of an upcoming meeting scheduled by Post Office chairman, Nigel Railton - with postmasters ...
BBC
19h
New Britain and Ireland electricity links approved
Great
Britain
's energy regulator, Ofgem, has given the go ahead for two new electricity links between
Britain
and the ...
1d
Fact Check: Asylum seekers in Britain not given £175 per week on pre-paid card
Asylum seekers who are destitute in Britain can apply for a government allowance of up to £49.18 a week, not £175 a week as ...
2d
on MSN
Britain’s wind power falls to virtually zero as Miliband prepares to cut reliance on gas
Britain’s wind generation is set to plummet to virtually zero this week as Ed Miliband presses ahead with plans to increase ...
E&E
9h
Britain hugs oil giant BP while preaching climate action
One of the U.K.’s largest companies, BP is a global force in fossil fuel drilling — and thick as thieves with COP29’s host, ...
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