Digital bank Monzo accepted customers claiming to live at 10 Downing Street, Buckingham Palace and even its own premises, an ...

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

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

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

Monzo has been fined £21m by the FCA after allowing fraudsters to open accounts using implausible addresses including ...

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

The Financial Conduct Authority found customers were allowed to register bank accounts to addresses including PO Boxes and ...

The Financial Conduct Authority (FCA) has fined Monzo Bank Ltd £21,091,300 for its inadequate anti-financial crime systems ...

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 ...

Britain's financial regulator has fined digital bank Monzo 21 million pounds ($28.57 million) for failings in its ...