Barclays fined £42m by watchdog over money laundering checks The financial watchdog has fined banking giant Barclays £42 million over its “poor handling” of money laundering risks The Financial Conduct Authority (FCA) said the fines related to
FCA fines Barclays £42 million for poor handling of financial crime . . . The FCA has fined Barclays Bank UK PLC and Barclays Bank PLC a total of £42 million for separate instances of failings in its financial crime risk management – one relating to WealthTek and one relating to Stunt Co Barclays Bank UK PLC will make a voluntary payment to WealthTek’s clients
Barclays latest $56. 3m money laundering fine explained The UK’s Financial Conduct Authority (FCA) has fined Barclays a total of $56 3m (£42m) for shortcomings in its financial crime risk management, across two separate cases involving Stunt Co and WealthTek
Weak bank customer due diligence in spotlight again after Barclays . . . In the first of the two fines, Barclays Bank Pl c was fined £39 3 million over breach of Principle 2, that is, failing to adequately identify, assess, monitor and manage the money laundering risks associated with the provision of banking services to gold bullion firm and refinery Stunt Co Ltd
FCA Hits Barclays with Solid £42 Million Fine over Financial Crime . . . Barclays has once again found itself at the center of a major financial crime compliance controversy after the UK Financial Conduct Authority (FCA) imposed a hefty £42 million penalty on its UK entities for fundamental lapses in anti-money laundering (AML) controls
Barclays Fined £42 Million for Major Money Laundering Failures The UK Financial Conduct Authority (FCA) has imposed a £42 million penalty on Barclays Bank for severe anti-money laundering (AML) control failures The regulator identified two glaring cases where Barclays neglected basic due diligence, exposing the bank to criminal activity and putting customer funds at risk
Barclays Fined $56 Million Over Money-Laundering Checks Barclays was fined 42 million pounds ($56 2 million) by the U K financial watchdog, which said the bank failed to properly handle money-laundering risks when opening accounts for two