That means two things. First, you could legitimately move half the money into another account for your son, preferably with your husband's knowledge. Second, if you die before your husband, he will ...

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

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

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

The FCA has fined Monzo Bank £21,091,300 for inadequate anti-financial crime systems and controls between October 2018 and ...

The FCA said Monzo’s financial fraud systems and controls ‘failed to keep pace’ with its rapid growth in customers numbers in ...

FCA mentioned that Monzo's address verification controls were inadequate, as they failed to verify all beneficial owners and ...

In a settlement, the FCA imposed a £21.1-million fine on Monzo after finding that, between 2018 and 2020, it breached rules to guard against the risk of money laundering and other financial crimes by ...

(Alliance News) - Britain's financial regulator said on Tuesday it had fined digital bank Monzo GBP21 million (USD28.5 million) for financial crime control failings, which included letting customers ...

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