Tag: banking regulations
Monzo Considers Reapplying for US Banking License: Key Insights
Exploring Monzo's Strategic Move into the US Banking SectorHighlights: Monzo has expressed intent to reapply for a banking license in the US market after...
Barclays Fined £42M Due to Failures in Money Laundering Risk Management
Exploring the Consequences of Inadequate Compliance in BankingHighlights: Barclays has been fined £42 million for lapses in its anti-money laundering controls.The UK's Financial Conduct...
Monzo Fined £2.1 Million for AML Compliance Failures
A Closer Look at Monzo's Regulatory Setback and Its Implications for Banking ComplianceHighlights: Monzo was fined £2.1 million for failing to comply with anti-money...
CFPB Dismisses Capital One Savings Account Rates Lawsuit
Implications for Consumers and Financial Institutions in the Current Economic ClimateHighlights: The Consumer Financial Protection Bureau (CFPB) has dismissed a lawsuit against Capital One...