FinTech
EBA Issues Alert on Money Laundering Risks in the Fintech Sector
Understanding the Growing Compliance Challenges for Fintech FirmsHighlights: The European Banking Authority (EBA) has raised concerns about money laundering risks within the fintech industry.Fintech...
FinTech
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...
FinTech
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...
Banking
FCA Fines Metro Bank £16.7M Over Inadequate Financial Crime Controls
The Financial Conduct Authority (FCA) has imposed a £16.7 million fine on Metro Bank due to failures in its financial crime monitoring systems...
Banking
Lithuania revokes licence of former Railsr unit
The Bank of Lithuania has revoked the license of UAB PayRNet, a former subsidiary of Railsr, due to serious violations of AML and payments...
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