{
Metro Bank Holdings PLC

Companies

}
001122334455554433221100
001122334455554433221100

metro bank fined 16.7 million for anti-money laundering failures

Metro Bank Holdings Plc has been fined £16.7 million ($21.4 million) by the UK’s Financial Conduct Authority for failing to properly monitor transactions for money laundering risks. Despite implementing an automated monitoring system in 2016, the technology did not check certain transactions, including those made on the same day an account was opened, and the issue remained unresolved for over four years, despite earlier warnings from staff.
bloomberg.com
British Pound Sterling Metro Bank Holdings PLC GBR
Regulatory & Legal, News Article
08:31 12.11.2024

Metro Bank fined 21 million dollars for inadequate anti-money laundering controls

The U.K. Financial Conduct Authority (FCA) has imposed a £16.6 million ($21 million) fine on Metro Bank for failing to adequately monitor money laundering risks through its automated system. The FCA stated that the bank's financial crime monitoring system, installed in June 2016, did not function as intended, compromising compliance with anti-money laundering regulations.
Compliance Week
British Pound Sterling Metro Bank Holdings PLC GBR Adrianne Appel
Regulatory & Legal, News Article
01:00 12.11.2024
Trending
Subcategory
Corporate News Industry Trends Stock Market Updates Retail and Consumer Goods Global Financial Events Finance Mergers & Acquisitions Global Trade Developments Industry Mergers & Acquisitions Central Bank Actions CEO Changes Banking Regulations Supply Chain Management Startups & Entrepreneurship Energy Sector Developments AI Innovations Government Economic Policies Workplace Trends Cryptocurrency Trends Market Analysis and Predictions Financial Scams and Security
Countries:
USA CHN GBR IND CHE CAN FRA JPN DEU MEX RUS SGP BRA ZAF AUT ARE SAU ITA IDN IRL
Companies:
The Goldman Sachs Group, Inc. Apple Inc. Bank of America Corporation Alphabet Inc. Tesla, Inc. Citigroup Inc. Barclays PLC Wells Fargo & Company Deutsche Bank RV Global PP Commerzbank AG PepsiCo, Inc. BNP Paribas SA Google Inc. Lloyds Banking Group plc NVIDIA Corporation UBS Group AG Wix.com Ltd. BP Castrol K.K. Valvoline Inc. Bosch Limited
Currencies:
United States Dollar Euro Chinese Yuan Swiss Franc British Pound Sterling Indian Rupee Japanese Yen Indonesian Rupiah Canadian Dollar Russian Ruble South Korean Won United Arab Emirates Dirham Offshore Chinese Yuan Ghanaian Cedi Hungarian Forint Albanian Lek Brazilian Real Singapore Dollar Qatari Riyal Jordanian Dinar
People:
Donald Trump Elon Musk Warren Buffett Sergey Brin Larry Page Goldman Sachs Kelvin Taylor Carsten Fritsch Christopher Chandler Scott Bessent Martin Schlegel Jerome Powell Kubra Khan Joe Biden Volkmar Baur Christopher Wallerstedt Brian Moynihan Airlangga Hartarto Francesco Gaetano Caltagirone Leonardo Del Vecchio

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Links

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Save settings
Reset settings
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.