Metro Bank Fined £16.7 Million for Anti-Money Laundering Lapses
Metro Bank Holdings Plc was fined £16.7 million ($21.4 million) by the UK’s Financial Conduct Authority for failing to adequately monitor billions of pounds worth of transactions for money laundering risks. The lender implemented a new, automated system ...
Britain's FCA fines Metro Bank $20 million 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. The bank failed to have the right systems and controls to adequately monitor more than 60 million transactions,
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 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 £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.
Insurance Magnate Pleads Guilty to $2 Billion Fraud and Money Laundering Scheme
Lindberg, 54, pleaded guilty to one count of conspiracy to commit offenses against the U.S. and one count of money laundering ...
Bottled Blonde no longer coming to Gilbert after land owner accused of money laundering, fraud
Aaron Wagner, the Founder and CEO of WAGS Capitol, who is behind popular Valley businesses, faces 16 federal counts of money ...
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Crypto Anti-Money Laundering Specialist Notabene Raises $14.5M
Notabene CEO Pelle Braendgaard believes Donald Trump will emulate what the European Commission is doing in order to bring ...
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Crypto 'mixer' gets more than 12 years for money laundering
The founder of a cryptocurrency mixing service known as Bitcoin Fog was ordered to serve 12-and-a-half years for laundering ...
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NetEase Fires Execs Accused of Money Laundering
Chinese publisher NetEase Games fires two of its senior executive members who have been accused of money laundering and ...
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Bitcoin Fog ‘mixer’ gets 12½ years for money laundering
Sterlingov, a Russian-Swedish national, was convicted by a jury in March on charges tied to operating what prosecutors said ...
TD Worker Fighting Money Laundering Accused of Stealing Data
A former Toronto-Dominion Bank employee in its anti-money-laundering department was charged with stealing customer ...
JD Supra1d
EU’s New Guidance: Travel Rule to Combat Money Laundering in Crypto
The Travel Rule is an international regulation designed to combat money laundering and the financing of terrorism by enhancing supervision over money transfers. The regulation was formulated by ...
Danvers man convicted of money laundering
Money laundering is the lifeblood of a wide swath of criminal conduct,” acting U.S. Attorney Joshua S. Levy said in a statement.
Marvel Rivals and Destiny: Rising Dev Studio May Be Involved In $139M Money Laundering Scheme
NetEase has made a name for itself in recent years, with titles like Once Human, Marvel Rivals, and the upcoming Destiny: ...
JD Supra1d
Updates to the British Virgin Islands Anti-Money Laundering regime and changes for MLROs
Prior regulatory approval is now required for MLRO appointments – previously it was a notification requirement that had to be submitted within 14 ...