Tag: financial penalties
Dutch Central Bank Fines Bunq for AML Shortcomings
Understanding the Implications of Non-Compliance in the Financial SectorHighlights: Bunq was fined by the Dutch Central Bank due to deficiencies in its anti-money laundering...
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...
Discover Faces $12 Billion Restitution Order Over Interchange Fees
A Major Financial Setback for Discover: Implications of the $12 Billion Restitution Order on Interchange FeesHighlights: Discover has been ordered to pay $12 billion...