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

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

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

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

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

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

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

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

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

The FCA said Monzo’s financial crime systems and controls “failed to keep pace” with its rapid growth in customer numbers in recent years, which ballooned from 600,000 in 2018 to over 5.8 ...