Monzo has been fined £21m by the Financial Conduct Authority (FCA) for its failures regarding anti-financial crime measures.

The digital bank has been fined £21m by the City regulator for anti-fraud failures.

This is the 10th financial crime control failings-related fine imposed by the FCA in the last four years, and follows a ...

Britain's financial regulator has fined digital bank Monzo 21 million pounds ($28.57 million) for inadequate protection ...

Monzo had no process to verify customer addresses, leading to accounts given to fake Buckingham Palace address.

Monzo Bank has been fined £21million for 'inadequate anti-financial crime systems' spanning a period between October 2018 and ...

British online bank Monzo has been fined over £21 million by the Financial Conduct Authority (FCA) after they allowed ...

U.K. regulators said Monzo didn't properly vet new customers, while Vocalink was dinged for risk management lapses. Also, ...

Monzo has been hit with a £21m fine from the Financial Conduct Authority after 'repeatedly' opening accounts for risky ...

Monzo Bank has been fined £21m for lax anti-financial crime controls and allowing tens of thousands of high-risk customers to ...

The bank failed to maintain adequate anti-financial crime systems and controls from October 2018 to August 2020.

The UK financial regulator has fined Monzo £21mn for repeatedly breaching rules against opening accounts for “high-risk customers” after the digital bank took on clients that provided “obviously ...